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  "documentTitle": "TPC Group Inc. (TPCG)",
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      "text": "Using given unlevered free cash flow estimates and Project Phoenix, IRRs for the PE Buyers could be 32% to 56% at $40/share.",
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      "text": "Using given unlevered free cash flow estimates and Project Phoenix, IRRs for the PE Buyers could be 32% to 56% at $40/share...",
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      "text": "(1) assumes debt at closing all-in interest rate of 7%, debt / pfds used to finance de-hydro all-in interest rate of 15% with target max leverage of 5.5x D/EBITDA and coverage of 1.5x EBITDA less maintenance capex",
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      "text": "LBO returns based on FO UFCF Projections...",
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      "text": "SAMC Analysis of TPC Group Inc.",
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