Question
Using Cash flow sweep assumption to pay down revolver and senior debt, what is the senior bank debt at the end of the year 2021
Using Cash flow sweep assumption to pay down revolver and senior debt, what is the senior bank debt at the end of the year 2021 assuming that:
Revolver balance at the beginning of the year = $200
Senior bank balance at the beginning of the year = $1,111
Annual mandatory payment on the senior bank debt = $450
Cash flow available for debt repayment during 2021= $800
Interest on debt is 10%
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