Mezzanine Financing: Legal Considerations for Middle Market Deals

Evaluating and Structuring Financing for Acquisitions, LBOs, Expansions, Recapitalizations, and Management Buyouts

Recording of a 90-minute premium CLE webinar with Q&A

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Conducted on Thursday, July 24, 2014

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Course Materials

This CLE course will prepare lending and commercial finance counsel to understand mezzanine financing as an alternative financing source for middle market companies in the evolving credit market. The panel will explain how to identify when mezzanine financing is viable and best practices for structuring transactions in light of the wide range of choices available.

Description

Mezzanine financing can be a lower cost capital raising option for middle market companies. Generally used in acquisitions, leveraged buyouts, management buyouts, expansion, and recapitalizations, mezzanine financing provides companies with more diverse ways to obtain capital beyond their existing lenders.

Mezzanine debt can be utilized when traditional senior debt has been maximized but a company has historically strong cash flows. The common elements of mezzanine financing include cash interest, payment in kind interest, and an ownership option to convert the debt to an equity interest.

Counsel must understand the best situations to use this structure, how to structure this financing alternative, and the wide range of choices available in the continually changing credit market.

Listen as our authoritative panel, comprised of finance counsel and other deal professionals, discusses the benefits of mezzanine financing, methods for structuring the transaction, and pitfalls to avoid.

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Outline

  1. Opportunities for mezzanine financing
  2. Structuring mezzanine financing
  3. Best practice strategies and pitfalls to avoid

Benefits

The panel will review these and other key questions:

  • What factors should be taken into consideration when determining whether mezzanine financing is a good option for raising capital?
  • What are the best ways to structure the transaction?
  • What alternative choices are currently available for mezzanine financing? 
  • What are the current market trends in the use of mezzanine financing?

Faculty

Charles J. Morton, Jr.
Charles J. Morton, Jr.
Partner
Venable

Mr. Morton has a national practice where he helps to solve complex problems faced by lenders, investors, and...  |  Read More

Daniel Yardley
Daniel Yardley
Managing Director
Patriot Capital

Mr. Yardley is responsible for all aspects of new deal generation, underwriting, due diligence, and portfolio...  |  Read More

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