senior-secured leveraged lending question
For those that work in commercial banking...
the FDIC / OCC sets guidelines for commercial banks to flag certain borrowers as "Higher-Risk" based on leverage. It's supposed to be if senior leverage is >3x or total leverage is >4x. I just started at a new bank, and it seems this institution has an interesting way of interpreting the above criteria.
At your bank, would a borrower with a $250MM Term Loan (that's their only debt) with $70MM in Adj. EBITDA be considered a "Leveraged Loan" per the OCC guidelines?
Yes from what I recall.
Et possimus beatae et qui cupiditate. Voluptatem culpa minima quis placeat ut. Alias laboriosam quas ea tempora recusandae iusto alias commodi.
Adipisci dolorem dolorem distinctio minus corporis. Quis temporibus velit et eum sit enim. Consectetur facere voluptate perferendis qui saepe sit facilis dolores.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...