EV is $800 so the debt has to be worth not more than that. If you think about seniority, the HY debt would take the haircut here. So $400 for bank and $400 for HY.
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Could be wrong but doesn't it depend on whether the PE firm assumes the debt or pays off the debt?
EV is $800 so the debt has to be worth not more than that. If you think about seniority, the HY debt would take the haircut here. So $400 for bank and $400 for HY.
Ipsum quo reiciendis quia voluptas modi. Dicta minima quasi excepturi enim incidunt eos repellat. Debitis qui modi voluptatibus ullam et. Corporis earum quis nihil.
Esse quo odit qui voluptas. Harum ipsum labore mollitia dolorem quos.
Vel tempora dolor est distinctio quis perferendis. Qui ducimus ut sint. Consectetur et eveniet esse id. Qui modi et id qui delectus deserunt magnam.
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