{"example":{"base_rate":0.0364,"capex_growth_pct":0.03,"da_pct_revenue":[0.065,0.065,0.065,0.065,0.065],"ebitda_margin":[0.34,0.35,0.35,0.36,0.36],"entry_ebitda":4.7,"entry_multiple":11.0,"entry_revenue":14.1,"exit_multiple":12.0,"exit_years":[2,3,4,5],"hold_years":5,"mezz_spread_bps":700,"mezz_sweep_pct":0.0,"mgmt_incentive_pct":0.05,"min_dscr":1.2,"min_interest_cov":2.0,"ownership":1.0,"revenue_growth":[0.15,0.12,0.1,0.08,0.08],"revolver_spread_bps":200,"senior_amort_pct":0.05,"senior_leverage":3.5,"senior_spread_bps":500,"senior_sweep_pct":0.5,"tax_rate":0.25,"total_leverage":4.0,"transaction_fees":0.03,"wc_pct_revenue":0.02},"properties":{"company":{"anyOf":[{"type":"string"},{"type":"null"}],"default":null,"description":"Deal or company name — used in the summary.","title":"Company"},"entry_ebitda":{"description":"LTM EBITDA at entry (currency units, e.g. GBP millions).","exclusiveMinimum":0,"title":"Entry Ebitda","type":"number"},"entry_multiple":{"description":"EV / EBITDA purchase multiple.","exclusiveMinimum":0,"title":"Entry Multiple","type":"number"},"entry_revenue":{"description":"Revenue at entry (same units as EBITDA).","exclusiveMinimum":0,"title":"Entry Revenue","type":"number"},"transaction_fees":{"default":0.03,"description":"Transaction fees as % of EV — applied at entry and exit.","exclusiveMaximum":0.2,"minimum":0,"title":"Transaction Fees","type":"number"},"ownership":{"default":1.0,"description":"Sponsor ownership share of equity.","exclusiveMinimum":0,"maximum":1.0,"title":"Ownership","type":"number"},"hold_years":{"default":5,"description":"Hold period in years.","maximum":10,"minimum":1,"title":"Hold Years","type":"integer"},"senior_leverage":{"default":3.5,"description":"Senior sizing leverage multiple (x EBITDA) for the leverage test.","minimum":0,"title":"Senior Leverage","type":"number"},"total_leverage":{"default":4.0,"description":"Total leverage multiple (x EBITDA); mezzanine plugs senior up to this.","minimum":0,"title":"Total Leverage","type":"number"},"min_dscr":{"default":1.2,"description":"Minimum DSCR for the fixed-charge-coverage sizing test.","exclusiveMinimum":0,"title":"Min Dscr","type":"number"},"min_interest_cov":{"default":2.0,"description":"Minimum interest coverage for the interest-coverage sizing test.","exclusiveMinimum":0,"title":"Min Interest Cov","type":"number"},"existing_debt":{"default":0.0,"description":"Target existing debt repaid at close (added to uses).","minimum":0,"title":"Existing Debt","type":"number"},"excess_cash":{"default":0.0,"description":"Excess cash used to reduce the equity check.","minimum":0,"title":"Excess Cash","type":"number"},"base_rate":{"default":0.0364,"description":"Base / index rate (e.g. SONIA/SOFR).","minimum":0,"title":"Base Rate","type":"number"},"senior_spread_bps":{"default":500,"description":"Senior spread over base, in bps.","minimum":0,"title":"Senior Spread Bps","type":"number"},"mezz_spread_bps":{"default":700,"description":"Mezzanine spread over base, in bps.","minimum":0,"title":"Mezz Spread Bps","type":"number"},"revolver_spread_bps":{"default":200,"description":"Revolver spread over base, in bps.","minimum":0,"title":"Revolver Spread Bps","type":"number"},"senior_amort_pct":{"default":0.05,"description":"Senior scheduled amortisation, % of original principal per year.","maximum":1,"minimum":0,"title":"Senior Amort Pct","type":"number"},"senior_sweep_pct":{"default":0.5,"description":"Senior cash-sweep % of cash available for debt repayment.","maximum":1,"minimum":0,"title":"Senior Sweep Pct","type":"number"},"senior_orig_pct":{"default":0.005,"description":"Senior origination fee, % of senior debt (year 1).","maximum":0.1,"minimum":0,"title":"Senior Orig Pct","type":"number"},"mezz_amort_pct":{"default":0.05,"description":"Mezzanine scheduled amortisation, % of original per year.","maximum":1,"minimum":0,"title":"Mezz Amort Pct","type":"number"},"mezz_sweep_pct":{"default":0.0,"description":"Mezzanine cash-sweep % (after senior).","maximum":1,"minimum":0,"title":"Mezz Sweep Pct","type":"number"},"mezz_orig_pct":{"default":0.01,"description":"Mezzanine origination fee, % (year 1).","maximum":0.1,"minimum":0,"title":"Mezz Orig Pct","type":"number"},"mezz_pik":{"default":false,"description":"If true, mezzanine interest accrues (PIK) rather than paid in cash.","title":"Mezz Pik","type":"boolean"},"revolver_commitment":{"default":5.0,"description":"Revolver commitment.","minimum":0,"title":"Revolver Commitment","type":"number"},"revolver_orig_pct":{"default":0.01,"description":"Revolver origination fee, % of commitment (year 1).","maximum":0.1,"minimum":0,"title":"Revolver Orig Pct","type":"number"},"min_cash_pct":{"default":0.02,"description":"Minimum cash floor, % of revenue — revolver draws to maintain it.","maximum":1,"minimum":0,"title":"Min Cash Pct","type":"number"},"revenue_growth":{"description":"Revenue growth rate per year, e.g. [0.15, 0.12, 0.10, 0.08, 0.08].","items":{"type":"number"},"minItems":1,"title":"Revenue Growth","type":"array"},"ebitda_margin":{"description":"EBITDA margin per year, e.g. [0.34, 0.35, 0.35, 0.36, 0.36].","items":{"type":"number"},"minItems":1,"title":"Ebitda Margin","type":"array"},"da_pct_revenue":{"description":"D&A as % of revenue per year, e.g. [0.065, ...]. Maintenance capex is set equal to D&A.","items":{"type":"number"},"minItems":1,"title":"Da Pct Revenue","type":"array"},"capex_growth_pct":{"default":0.03,"description":"Growth capex as % of revenue.","minimum":0,"title":"Capex Growth Pct","type":"number"},"wc_pct_revenue":{"default":0.02,"description":"Working-capital investment as % of revenue.","minimum":0,"title":"Wc Pct Revenue","type":"number"},"mgmt_fee_pct":{"default":0.0,"description":"Management fee as % of EBITDA.","minimum":0,"title":"Mgmt Fee Pct","type":"number"},"ebitda_adj_pct":{"default":0.0,"description":"EBITDA adjustments as % of EBITDA.","minimum":0,"title":"Ebitda Adj Pct","type":"number"},"tax_rate":{"default":0.25,"description":"Corporate tax rate. Taxes are levered: on (EBIT - interest), with NOL carryforward.","exclusiveMaximum":1,"minimum":0,"title":"Tax Rate","type":"number"},"exit_multiple":{"default":12.0,"description":"EV / EBITDA exit multiple.","exclusiveMinimum":0,"title":"Exit Multiple","type":"number"},"exit_years":{"description":"Exit years to report returns for.","items":{"type":"integer"},"title":"Exit Years","type":"array"},"mgmt_incentive_pct":{"default":0.05,"description":"Management incentive / promote, % of equity upside.","exclusiveMaximum":1,"minimum":0,"title":"Mgmt Incentive Pct","type":"number"},"attest":{"default":false,"description":"If true, include an attestation block binding the result to the engine version and reconciliation pack (see GET /lbo/reconciliation).","title":"Attest","type":"boolean"}},"required":["entry_ebitda","entry_multiple","entry_revenue","revenue_growth","ebitda_margin","da_pct_revenue"],"title":"LBORequest","type":"object"}