Module VI· Debt Schedule MechanicsBasic
Question
How is a standard debt schedule structured?
Answer
A standard debt schedule has opening debt balance, new issuance, mandatory amortization, optional repayment / cash sweep, PIK interest if applicable, ending debt balance, interest rate, cash interest, PIK interest, and covenant metrics. It rolls debt by tranche and feeds interest expense, financing cash flow, ending debt, and leverage calculations.