Calculate the Market Debt/EBITDA ratio given the following fact pattern. Please enter your answer as a multiple
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Question:
Calculate the Market Debt/EBITDA ratio given the following fact pattern. Please enter your answer as a multiple with one decimal (for example, 4.0x)
- Assume no cash
- Prior-year EBITDA is $50m but is expected to decline by 4% once the company emerges from bankruptcy
- 1st Lien Loan of $100m, trading at 85%
- 2nd Lien Loan of $75m, trading at 65%
- Senior Note of $50m trading at 50%
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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