mezzanine debt

2 statements across 2 episodes · 1 bullish · 0 bearish · 2 people on the record · first statement Nov 21, 2018 by Matt Ellis · across every show →

Everything said about mezzanine debt, oldest first

Nov 21, 2018 positive
Insight
Ellis: Mezzanine debt adds leverage and reduces dilution ahead of next round
“There's a leverage limit to what the venture debt people will give you, and then you can generally get more debt from a mezzanine provider, and you'll pay a higher, much higher rate of interest, maybe three or four times what you pay on the venture debt, but y…”
Matt Ellis Nov 21, 2018 ▶ 13:12 1215 Cloudability CEO: We're Past $20m in ARR, 11% of Total AWS Spend
Dec 14, 2023 neutral
Insight
Miller: Mezzanine Debt Requires 10% to 12% Coupon Plus Equity Kickers
“That was typically 10 to 12% coupon with a pick, so with a kicker, which could either be in the form of a pick, an accreting pick, or it could be in the form of warrants.”
Brad Miller Dec 14, 2023 ▶ 17:43 Masters of Debt: How I bought a $5m SaaS Company Using Debt, Grew to $20m, Then Flipped for a Huge Gain
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