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  "documentTitle": "Bank of America | Investment Banking Pitch Book | 41 slides",
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  "authorName": "Bank of America Merrill Lynch",
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  "presentationDate": "2016-02-01 00:00:00",
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  "notes": "Includes Bank of America Merrill Lynch branding and preliminary disclaimer.",
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      "kind": "paragraph",
      "text": "Current leverage structure of RHO limits ability to add incremental debt to its capital structure. Assumptions: Base unlevered and levered free cash flows from RHO Projections adjusted to reflect removal of $6 million in public company costs. Investment holding of five years. Estimated transaction expenses of $20 million. Additional debt scenario assumes an additional $100 million of debt.",
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      "text": "Source: RHO Projections. Note: Exit multiple applied to Core EBITDA of $271 million and Core NOI of $302. (1) $6 million reflects estimate for cost savings. (2) Potential buyer and seller transaction costs.",
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      "text": "Unlevered IRR Sensitivity table",
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      "text": "Levered IRR Sensitivity (No Incremental Debt) table",
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      "text": "Levered IRR Sensitivity (With $100 Incremental Debt) table",
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      "text": "Illustrative Levered Returns Sensitivity",
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