LENDER-NM24I10805EB000185
$495.00
Purchase for full contact information of one or more deal team members. All purchases are final and non-refundable.
Description
– Mezzanine lender
– Loan sizes ranging from $1 million to $10 million.
– Focused on companies with EBITDA of $2M+
– Industry agnostic but like services businesses
– Mezzanine lenders often provide loans that are subordinate to senior secured debt, but have a higher priority than equity.
– Loans often have a higher interest rate than senior debt, in the low to mid teens %
– Can be structured as either debt or equity, and typically have a maturity of 5 to 7 years.
– Often require equity participation in the form of warrants or options, which can give them the right to purchase equity in the borrower at a future date.
-Used to finance growth, acquisitions, or recapitalizations, and can be an attractive financing option for companies that do not have sufficient collateral for senior debt, or that do not want to dilute their equity ownership.