Financing terms on a mini-PE deal these days
Curious to gather current market intel on what kind of financing terms banks are willing to offer on say a $15-20 million PE deal (profitable company). Curious about capacity (turns of EBITDA or Debt % of EV), tranche types, covenants, repayment terms, tenor, interest rates, interest type (cash vs pik), etc.
Thank you.
Hi angrybanana, don't worry, the WSO Monkey Bot is here.... I'm hoping one of these links will help find your answer:
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LMM varies wildly. Every time we put out for reads, we get wildly different numbers from different lenders. 30%+ difference in effective costs. This is for deals with $1M - $3M EBITDA.
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