Loan facility agreements contain provisions that impose an obligation on the Borrower to pay default interest on any overdue amounts under the relevant facility agreement (whether principal, interest or other moneys owed) from the due date of a payment. Default interest ...
If you make a home or car loan payment every month, you would not want to pay a year's worth of interest on each monthy payment, would you? (this is not a trick question ;-) Of course, you would only want to pay one month's interest each month. So we have to add a Time fa...
Interest Only Loan Calculator This is unlocked version of interest only loan calculator, distributed under commercial use license, which provides specific rights to a user, which allows use of this calculator in consulting and advisory business (resale or distribution is not permitted). Contains fields...
In effect, only the cash portion of interest expense should be included in the calculation, because PIK is not an actual outflow of cash. All else being equal, PIK interest increases interest coverage ratios since they are not counted as part of the “interest” line, but note that interest...