Modeling in Cash Plug with Existing Revolver

Hi All,

I posted this in the IB Forum, but also wanted to try here-

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:

You would approach modeling in the current revolver with the cash plug, which in of itself is meant to be a revolver.
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

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