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Based solely on the information provided in the fact pattern below, what is the dollar value of the cumulative Preferred PIK Dividend available for distribution
Based solely on the information provided in the fact pattern below, what is the dollar value of the cumulative Preferred PIK Dividend available for distribution to Preferred Equity holders at closing? Your answer should be presented in $ millions, rounded to the nearest tenth.
$ millions
EBITDA at Close $
Exit Multiple x
Investment Hold Period years
Liquidation Preference x
Preferred Annual PIK Dividend
Target Balance Sheet Items:
Cash
Revolver
Senior Debt
Preferred Equity Excl Dividend
A $
B $ million
C $ million
D $ million
E $ million
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