Senior secured private debt
- Typical facility
- Current parameters list $5–25 million, with up to $50 million through syndication, generally 18–48 months.
- Borrower models
- Cash-flow borrowers generally have $2 million or more annual EBITDA; pre-profit recurring-revenue borrowers generally have $500,000 or more monthly recurring revenue.
- Security and repayment
- Typically first lien, with possible second lien behind a small working-capital line; repayment can involve interest-only periods, delayed amortization or cash sweeps.
- Uses
- Growth, acquisitions, management buyouts, shareholder refinancing and special situations are listed uses.
Provider sources: Private debt · FirePower Capital


