Latham & Watkins Launches App to Calculate OID Thresholds
The app will help banks ensure tax fungibility to additional incremental debt.
The Latham OID Threshold Calculator was designed to help investment banks seeking to add incremental debt determine the standard de minimis threshold with the same terms as an outstanding loan. The calculator helps clients make sure the loan is still considered tax fungible.
Banks often look to add additional debt to already existing loan facilities so they can layer in debt without having to refinance. But these still have to be tax fungible and meet thresholds set by the Internal Revenue
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