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Mezzanine

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Business glossary: Mezzanine financing
guardian.co.uk  Dec 15  Comment 
Mezzanine financing is an alternative for companies that have reached the limit on bank borrowing capacity and prefer not to issue new equity. It is debt capital that gives the lender the rights to convert to an ownership or equity interest in the...
KKR Gathers $1 Billion for Mezzanine Fund to Finance Buyouts
BusinessWeek  Sep 16  Comment 
KKR & Co., the private-equity investor behind three of the four biggest leveraged buyouts in history, has raised more than $1 billion for its first fund to originate debt for takeovers.
Gramercy's (GKK) Realty Unit Reaches Settlement for $549.7M in Mezzanine Loans
StreetInsider.com  Sep 1  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/Gramercy%27s+%28GKK%29+Realty+Unit+Reaches+Settlement+for+%24549.7M+in+Mezzanine+Loans/6759207.html for the full story.
Buyouts Magazine-Blackstone targets $3B-3.75B for mezzanine fund
Reuters  Jul 28  Comment 
NEW YORK, July 28 (Buyouts Magazine) - The Blackstone Group LP , best known for its buyout business, plans to raise $3 billion to $3.75 billion for mezzanine and related debt investments.
BUYOUTS-PNC funds $500M mezzanine pool on its own
Reuters  Jun 16  Comment 
NEW YORK, June 16 (Reuters-BUYOUTS) - PNC Financial Services Group Inc has decided to do away with limited partners for its latest mezzanine fund, instead providing the full $500 million from its...
Mezzanine Funds Grow as Falling Defaults Spur High-Teen Returns
BusinessWeek  Jun 6  Comment 
Mezzanine loans, which may earn as much as 18 percent this year, drew fresh investment last week with Intermediate Capital Group Plc announcing plans for a 2 billion-euro fund ($2.9 billion) as the market rebounds.
Eight Capital launches Mezzanine Income Fund
Commodity Online  Apr 6  Comment 
Eight Capital a US credit house is launching a Mezzanine Income Fund to provide capital to high growth companies in India. The fund will be headed by Ravi Chachra the founder and CIO of Eight Capital who expects the fund to generate equity like...
Morgan Stanley raises $956m for corporate mezzanine fund
Banking Business Review  Jan 13  Comment 
Morgan Stanley has closed fund raising for its first corporate mezzanine fund, Morgan Stanley Credit Partners, with $956m in capital commitments.
Morgan Stanley raises first mezzanine fund
Financial Times  Jan 12  Comment 
Morgan Stanley has raised $956m through its first mezzanine fund, marking the bank’s most significant foray into debt financing for mid-sized companies
Developer takes mezzanine route to buy factory outlets
Sydney Morning Herald  Jan 6  Comment 
THE developer Plenary Group has turned to mezzanine finance to help fund its purchase of a slice of the South Wharf Direct Factory Outlet in Melbourne from the stricken operator Austexx.




more ▼WIKI ANALYSIS
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A mezzanine loan is a relatively large loan, typically unsecured (ie., not backed by a pledging of assets) or with a deeply subordinated security structure. It typically refers to the third-round financing for a firm that is at least breaking even, is expanding, and that is considering an IPO.

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