Private Credit Mezzanine Debt & Warrant Solver

Underwrite mid-market sponsor leveraged buyouts, subordinated 2nd lien cash coupons, Payment-in-Kind (PIK) interest accruals, and equity upside kickers.

Principal Loan & Coupon Rates

Mezzanine Subordinated Loan Principal ($ USD)

Annual Cash Coupon Interest Rate (% - e.g. 12.5%)

Payment-in-Kind (PIK) Interest Accrual (% - e.g. 2.0%)

Projected 5-Year Equity Warrant Exit Payout ($)

Annual Cash Flow & Blended IRR

Annual Cash Interest Coupon Income

$625,000 / yr Cash

Cumulative 5-Year Interest (Cash + PIK Compounded)

$3,892,100 Collected

Blended Total Project IRR (With Warrant Kickers)

17.4% Blended Net IRR