Financing Assumptions $-$ Financing Assumptions Introduction

It's important for an analyst to understand the priority of cash flows in an LBO.

Please fill in the blanks in the following sentence, according to the below choices. can be used for

Underwriting costs; a revolving credit line

Discretionary repayments; the amortization schedule

Excess cash flow; discretionary debt paydown

Payment$-$in$-$kind $($PIK$)$ interest; the sponsor equity contribution