Mezzanine Filling the Debt Void

Buyout world increasingly turning to mezz in place of leveraged loans and high yield

July 21, 2008

Mezzanine financing, which was the redheaded stepchild of the debt markets during the heyday of easy credit and mega-LBO deals, is back. After record-setting fund raising in the first half of the year, mezzanine may be poised to take the place of leveraged loan and high-yield financing in some buyout deals.

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