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Given the Following Information, What Is the Total Amount That

Question 5

Multiple Choice

Given the following information, what is the total amount that has been drawn from the revolver?

Details:
Revolver: $100.0m
Term: 3 years
Annual commitment fee: 30 bps
Cash available for optional debt repayment:
Year 1: $40.0m
Year 2: $35.0m
Year 3: $32.0m


A) $100.0m
B) $30.0m
C) $107.0m
D) Revolver remains undrawn

Correct Answer:

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