Revolver Commitment fee - Is it included in the paydown/debt waterfall?

Just curious where or if the revolver commitment fee should be included in the paydown waterfall.

It's out-going cash so I'm thinking it should be included, but does it come before or after the paydown of outstanding revolver balances?

5 Comments
 

Revolver commitment fee should be thought of as an additional expense - you won't be paying down anything by paying it.

MM IB -> Corporate Development -> Strategic Finance
 

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