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.
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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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