Question
Given the following information, what is the total amount that has been drawn from the revolver? Details: Revolver: $100.0m Term: 3 years Annual commitment fee:
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Given the following information, what is the total amount that has been drawn from the revolver? Details: Revolver: $100.0m Term: 3 years Annual commitment fee: 30 bps Cash available for optional debt repayment: Year 1: $40.0m Year 2: $35.0m Year 3: $32.0m
$100.0m
$30.0m
$107.0m
Revolver remains undrawn
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International Financial Management
Authors: Geert Bekaert, Robert J. Hodrick
2nd edition
013299755X, 132162768, 9780132997553, 978-0132162760
