请问“Mezzanine Debt”可以翻译为“夹层债务”吗?

请问“Mezzanine Debt”可以翻译为“夹层债务”吗?

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镇上那么多酒馆

可以。我们常说的“夹层融资”对应的英文表达“Mezzanine financing”,而“Mezzanine debt”即“夹层债务”。Mezzanine在融资文件中基本可以和“夹层”划等号。

 

Investopedia对其的英文释义为:Mezzanine debt occurs when a hybrid debt issue is subordinated to another debt issue from the same issuer. Mezzanine debt has embedded equity instruments attached, often known as warrants, which increase the value of the subordinated debt and allow greater flexibility when dealing with bondholders. Mezzanine debt is frequently associated with acquisitions and buyouts, for which it may be used to prioritize new owners ahead of existing owners in case of bankruptcy.

 

夹层债务在公司的未偿债务中排名最后,通常由私募股权投资者和对冲基金提供资金。夹层债务通常采取高收益债务与认股权证相结合的形式,即以预先确定的价格购买股票的权利,被称为 "股权启动器",以提高投资者的回报,使其达到与风险相称的可接受水平。认股权证通过借款人股权价值的升值,增加了投资者的回报,超过了单纯支付利息所能达到的水平。像次级票据一样,夹层债务可能需要达到杠杆水平,而单靠高级债务和股权是不可能的。

 

可参考例句:

 

Debt financing in support of the acquisition will be comprised of senior secured credit facilities and mezzanine debt.

用于支持收购的债务融资由优先担保信用贷款和夹层债务构成。

 

In contrast, our real estate debt business, BREDS, is focused on providing real estate owners much needed mezzanine debt capital and other structured debt solutions in order to assist these owners in the recapitalization of legacy assets or to facilitate new real estate investment.

相比较而言,我们的房地产债务业务BREDS则侧重于为房地产业主提供急需的夹层债务资本和其他结构性债务方案,以协助这些业主对遗留资产进行资本结构调整或促成新的房地产投资。

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