LBO market braced for messy restructurings
It has a blend of equity and junior debt characteristics and is deeply subordinated. At the height of the market, mezz loans were being placed at 8% to 9% which, not surprisingly, many funds say simply did not reflect the risks involved. Mezzanine’s revival in the wake of the credit crunch has seen leverage pull back by a full turn and pricing harden by an average of 1%.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
