A high interest, usually unsecured, loan in which the lender often has the right to obtain shares in the business which has acquired the loan. Sometimes used in management buy-outs.

See Subordinated bond.

The capital structure layer of funding between common equity and secured borrowing, usually subordinated and sometimes may carry an equity warrant. Mezzanine finance may also involve an element of int [..]

Mezzanine refers to a layer that falls between two others. In the case of finance, it comes between debt and equity.

A form of finance that combines debt and equity components to provide flexibility to the investor and the company. Mezzanine investing is riskier than traditional senior debt since the debt portion is in the form of subordinated debt (the level of financing senior to equity but below senior debt). Thus, if a company goes into liquidation subordinat [..]

A hybrid of debt and equity financing that is typically used to finance the expansion of existing companies or build development projects. It is usually debt capital that gives the lender the right to [..]

A hybrid of debt and equity financing that is typically used to finance the expansion of existing companies or build development projects. It is usually debt capital that gives the lender the right to [..]

A loan advanced prior to a firm going public. Venture capitalists are active at this stage of a corporations growth.

Refers to venture capital financing for a company in the …