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Special Report on

Subordinated Mezzanine Debt

subordinated mezzanine debt special research report Photo by www.fisgroup.com
The rate of return that an equity investors expects is (of course) higher than that of a debt financer.  This makes sense:  a banker that lends you money under strict terms, and expects payments every month in interest (perhaps with assets such as inventory as security) should feel safer, and demand less of a return on his investment than an equity investor that will only profit if the business is a success.    Based on this logic:  equity capital should be the most "expensive", and debt capital should be the least expensive, as shown here:       see info here :     
associated with mezzanine financings is the result of its location as an unsecured, subordinated (or junior) obligation in a company's capital structure (i.e., in the event of default , the mezzanine financing is less likely to be repaid in full after all senior obligations have been satisfied). Additionally, mezzanine financings, which are usually private placements , are often used by smaller companies and may involve greater overall leverage levels than issuers in the high-yield market ; as such, they involve additional risk. In compensation for the increased risk, mezzanine debt holders require a higher return for their ...
REVIEWS AND OPINIONS
Financing and Refinancing Programs are Plentiful
As clich as it might sound, the Money creates the universe go turn proverb still binds true. Especially today when all as well as anything discernible or unsubstantial can be paid for with ones dollars, income is assumingly of impassioned importance. What if we wish to buy the home or begin your own business? How do we go about your financing endeavor? Read upon for the most appropriate entrance which will uncover we the money! Coupled with government as well as formulation skills, financing is what will support the single in venturing in to commercial operation if he/she wishes to have it grow as well as get the preferred ... market research, surveys and trends
Kooky Plan: the wiki for entrepreneurs / Finance
The rate of return that an equity investors expects is (of course) higher than that of a debt financer.  This makes sense:  a banker that lends you money under strict terms, and expects payments every month in interest (perhaps with assets such as inventory as security) should feel safer, and demand less of a return on his investment than an equity investor that will only profit if the business is a success.    Based on this logic:  equity capital should be the most "expensive", and debt capital should be the least expensive, as shown here:       see info here :      market research, surveys and trends

SURVEY RESULTS FOR
SUBORDINATED MEZZANINE DEBT

The Leveraged Recap
transaction is $12 million – $8 million (66.7 percent) will come from PE Partners as a ... New Subordinated (Mezzanine) Debt ... industry trends, business articles and survey research
American Capital - - Basics
Private companies often have more than one shareholder and, from time to time, one of them may want to liquidate his investment. In this discussion, we will imagine an investor wants to sell his 20 percent stake in the company. The remaining four shareholders have an opportunity to purchase these shares but must arrange financing for the deal. The shareholders must determine how to value the shares being sold and how to fund the payout. There are a number of methods for valuing the shares of a minority investor, including public company comparable valuation and discounted cash flow valuation. Change-of-control buyout ... industry trends, business articles and survey research
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("THL Credit"), a middle market capital specialist, today announced financial results for its fiscal second quarter ended June 30, 2010. Additionally, THL Credit announced that its Board of Directors has declared its second fiscal quarter dividend of $0.05 per share, payable on September 30, 2010 to stockholders of record as of September 2, 2010. Highlights As of June 30, 2010 Total assets $259.7 million Investment portfolio, at fair value $84.8 million Net assets ... market trends, news research and surveys resources
Golub Capital BDC, Inc. Declares Fourth Fiscal Quarter Dividend of $0.31 Per ...
On April 14, 2010, the Company priced its initial public offering, selling 7,100,000 shares of common stock at public offering price of $14.50 per share. Concurrent with the offering, 1,322,581 shares were sold through a private placement, also at $14.50 per share. On May 19, 2010, an additional 305,000 shares at $14.50 were issued upon exercise of the underwriters' overallotment option. 2010 Third Quarter Financial Highlights: Net income for the quarter ended June 30, 2010 was $4.7 million, or $0.29 per share; Net investment income for the quarter ended June 30, 2010 was $4.8 million, or $0.30 per share; Net unrealized ... market trends, news research and surveys resources

INFORMATION RESOURCES

Corporate Law Article June 2005
repayment are theoretically the same -- unlike subordinated mezzanine debt, first-lien lenders normally do not possess broad rights to block payments of ... technology research, surveys study and trend statistics
Private Equity Industry Dictionary
You can use this listing to help you understand some of the words and phrases you'll encounter while reviewing our Alternative Investment Management Program information. You can browse through the entire listing or use the link on a letter below to find a specific word or phrase. A   B   C   D   E   F   G   H   I   J   K   L   M   N   O   P   Q   R   S   T   U   V   W   X    Y   Z   A Active Commitments  - An investment that has not reached the end of its legal term. AIM - The CalPERS ... technology research, surveys study and trend statistics
Mezzanine Finance
In a broader sense, mezzanine debt may take the form of convertible debt, senior subordinated debt or private "mezzanine" securities (debt ...
REAL TIME
SUBORDINATED MEZZANINE DEBT
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QUESTIONS AND ANSWERS
WikiAnswers - What is the difference between mezzanine debt and ...
Mezzanine debt is an industry term, and like many it gets used for different things. It normally applies to some type of interim or short term financing that is expected to be used for a short while, generally while other financing is arranged. It is also commonly high interest rate. It may or may not be subordinate to other debts. Subordinate debt is fairly well defined legally: It means it is a debt whose rights to collection or seizure of assets are below those of another one. There can be many levels of subordinate debt. For example a 2nd mortgage is a subordinate debt to the first mortgage. If the property was foreclosed, ...
What kind of all-in returns are mezzanine investors targeting in ...
Obviously, these target IRR's are up significantly from a few years ago and the total leverage is at more conservative levels and the debt service coverage ratios are tighter or more conservative. While I'd say that more than 50% of the mezzanine players have left the game in the past eighteen months (including huge players with significant market share like ACAS) I am seeing a number of new players enter the market or planning to enter the market in 2010. Note that the above is for pure mezzanine pricing. Many, if not most mezz firms will also invest in equity and sometimes they price some of their capital at ...