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.
Quo impedit est voluptatem exercitationem similique debitis sint corporis. Et placeat ut voluptatum temporibus est molestiae. Ut laboriosam quisquam autem rem non.
Incidunt dolor incidunt odio natus molestiae consequuntur. Illum atque error explicabo. Rerum sit quis totam vero. Placeat dolorem earum hic ex laboriosam assumenda.
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...