Kinds of debt
|
Senior Term Debt
Term Debt |
Senior Bullet Debt
Term Debt |
High-Yield Bonds
|
Mezzanine
|
|
|
Kind of Repayment
|
Annual installments of equal amounts
|
A lump-sum payment of principal and interest on the final due date of the loan
|
Annual interest payments and a lump-sum payment of the value of the bond on the due date
|
Annual interest payments and a lump-sum payment of the principal on the final due date of the loan |
|
Indicative Cost |
EURIBOR + 200 bps |
EURIBOR + 250 bps |
10-Year Bond Yield + (250 bps - 600 bps) |
EURIBOR + 250 bps + (13% - 16%) |
|
Lender |
Commercial Bank Investment Bank |
Commercial Bank Investment Bank |
Investment Bank |
Commercial BankInvestment Bank Specialists |
|
Possibility of including an exclusion period |
Possibility of including warrants |
They always include warrants Possibility of adding part of the interest to the principal |
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