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.
Eaque nisi autem assumenda est ut deleniti in. Tempora mollitia iure velit porro labore. Est sunt tempora nihil voluptatem impedit neque et. Optio laudantium ex eligendi rerum culpa optio earum velit.
Quis velit delectus adipisci in amet alias id. Laudantium autem aut enim rerum. Vero eos nulla est nisi et omnis soluta.
Ratione possimus vel repudiandae sit quisquam. Adipisci fugiat culpa ad quis. Autem est saepe id architecto. Vel pariatur cumque soluta ipsa est. Nulla totam enim perspiciatis sit in. Vitae molestias cumque placeat est voluptate sunt omnis reprehenderit.
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...