Deal Parameters & Tranches
Preset Scenarios
$1,250M ($1.25B)
$600M (48%)
$250M (20%)
$145.0M
DSCR Formulation: Annual NOPAT divided by total mandatory debt service (Senior Interest + Mezzanine Interest + Amortization factor). Benchmark floor: ≥ 1.30x.
Capital Stack
$1.25B
$1,250M Total Size
Total Debt
$850M
68.0% of Capital Stack
Debt Service Coverage
1.95x
$74.4M Ann. Service
Leverage Multiple
5.86x
Total Debt / NOPAT
Capital Stack Allocation $400M Equity (32.0%)
5-Year Catalog Cash Flow & Debt Amortization ($M)
Underwritten Financial Term Sheet • Apollo Benchmark
| Tranche / Instrument | Amount ($M) | % of Stack | Interest Rate | Annual Service ($M) |
|---|