Senior Debt
The primary loan from a bank or institutional lender, which has first priority for repayment. Senior debt typically covers 60-70% of total costs (LTC) and carries the lowest interest rate in the capital stack.
Why it matters
Senior debt is the cheapest source of external funding. Its terms set the baseline for project viability.
In Profivo
Configured in the Finance tab with interest rate, LTC, arrangement and exit fees.