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Calculate the maximum amount of accelerated repayment for term loan A (the most senior debt tranche) in year 3, using the assumptions below. There are
Calculate the maximum amount of accelerated repayment for term loan A (the most senior debt tranche) in year 3, using the assumptions below.
There are no mandated repayments on any of the debt tranches in year 3.
Year 3 | |
Cash flow available for debt service | 781.0 |
Interest on term A | 56.0 |
Interest on Term B | 24.0 |
Interest on mezzanine (PIK) | 18.0 |
Interest on high yield note (cash) | 9.0 |
Term A, year 3 beginning balance | 790.0 |
Select one:
701.0
692.0
790.0
674.0
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