Modeling in Cash Plug with Existing Revolver and Current Complex Cap Struc.

Hi All,

I'm currently building a model for a case study and have gone the route of using a cash plug on the balance sheet. However, the company I am modeling out has the following cap struc: a 900m revolver; a TLB; cash pay notes; and PIK toggle notes.

Was wondering how: 1. You would approach modeling in the current revolver with the cash plug, which in of itself is meant to be a revolver. 2. Do you go as far to factor in covenants when modeling out debt?

Thanks for the input.

Will

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Modeling in Cash Plug with Existing Revolver and Current Complex Cap Struc.

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