Mezzanine financing is a hybrid form of financing that includes both debt and equity components. It is typically used by companies to fund growth and expansion projects, and it is structured as subordinated debt but often comes with attached equity instruments like warrants or convertible shares.
Loans or debt securities that have priority claim over junior obligations and equity on a corporation's assets in the event of liquidation.
Underlying debt refers to outstanding financial obligations secured by collateral, typically used in real estate and securities contexts, involving senior debt or debt of municipal government entities with broader credit responsibility.
