For a "paper" LBO, this is a typical simplifying assumption - you don't amortize the debt, you just accumulate the cash flow during the period and include it in the exit proceeds. In reality, a Term Loan A usually will have a small (1%) mandatory amortization, and some cash flow sweep / financial covenants attached. Bonds of course would not have any mandatory amortization.
For a "paper" LBO, this is a typical simplifying assumption - you don't amortize the debt, you just accumulate the cash flow during the period and include it in the exit proceeds. In reality, a Term Loan A usually will have a small (1%) mandatory amortization, and some cash flow sweep / financial covenants attached. Bonds of course would not have any mandatory amortization.
For a "paper" LBO, this is a typical simplifying assumption - you don't amortize the debt, you just accumulate the cash flow during the period and include it in the exit proceeds. In reality, a Term Loan A usually will have a small (1%) mandatory amortization, and some cash flow sweep / financial covenants attached. Bonds of course would not have any mandatory amortization.