PRINT THIS PAGE Mezzanine and high yield etc etc
02/04/2003. Source:Stephen Mostyn-Williams.
The mezzanine market is booming. Both mezzanine funds and the amount of money being allocated to mezzanine financing are increasing. But how does mezzanine debt compare to the high yield bond market? When is it best to use mezzanine rather than a high yield bond? Stephen Mostyn-Williams of Cadwalader Wickersham & Taft takes a look at some of the comparables. Mostyn-Williams also covers the different structures of mezzanine debt as well as different forms of subordinated terms.
Copyright © 2003 Stephen Mostyn-Williams
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Stephen Mostyn-Williams is head of Cadwalader Wickersham & Taft's global banking and finance practise. He is based in London where he is senior partner of Cadwalader Wickersham & Taft's office. Stephen is a senior finance lawyer with particular experience in layered debt structures for multi-jurisdictional leveraged financings He is a founder and chairman of the European High Yield Association, a managing director of AIG MezzVest and sits in the policy committee of the Goldman Sachs High Yield Index.
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