Mezzanine Lending Up, But Takes Expertise: Attys

Law360, New York (October 30, 2009, 11:56 AM EDT) -- Mezzanine loans — pricey but flexible forms of lower-tier debt — are growing in popularity as other borrowing sources continue to fall short, spurring increased demand for legal and financial professionals who are well-versed in such specialty financing areas, according to experts.

Traditionally offered by specialized funds to small and midsize companies in need of more financing than banks are willing to provide, mezzanine is increasingly being called on for a broader array of purposes, such as restructuring balance sheets, funding acquisitions and providing liquidity for...
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