Mezzanine & Subordinated Debt Finance

Miles & Stockbridge’s work with mezzanine lenders begins with initial due diligence regarding assets and business practices of the target and continues through documentation, closing, additional investments, exit, and enforcement.

We understand that this is not a static process—and we value the mezzanine lender’s needs and concerns throughout the course of the investment. With one foot in debt and another in equity, mezzanine lenders must be firmly positioned at every stage of their investment. Our lawyers draw on the broad knowledge and collective experience throughout the firm to navigate mezzanine acquisition finance transactions efficiently. In many instances, the mezzanine portion of debt is one of the final pieces of the capital structure to be documented and closed. Our lawyers routinely accommodate the pressure of accelerated closing timeframes by assembling teams to meet our clients’ needs.

At the same time, we are committed to ensuring that staffs are sized right for both the client and the investment. The levels of due diligence, documentation and other representation will be determined by what is most appropriate for the client—over-engineering a deal can cripple an investment.