Mezzanine Financing: Tools, Applications and Total Performance

Index

ABA model inter-creditor agreement 418

definitions and usages 469–76

enforcement 439–43

insolvency proceedings 452–63

lien priorities 419–35

miscellaneous 463–8

modification of obligations 435–9

payments 443–7

purchase obligations 447–52

abuse of law provision 7

accounting rules 295–311

acquisitions

and RP covenants 317

Kratos case study 67–76, 489–91

Lyondell Chemical 344, 346

Terra Firma by Citigroup 31

see also leveraged buy-outs (LBOs)

ACSMs (alternative coupon satisfaction mechanisms) 267, 275

effect on hybrid ratings and notching 276–7

settlement requirements 279, 281, 288, 294

Additional Tier 1 Capital see Tier 1 Capital, Basel III

adjustable-rate preferred stock (ARPS) 60–1

affirmative covenants 313, 338

alternative settlement mechanisms (ASMs) see ACSMs

amortization 230

cost 302, 304, 305, 306, 307–8

negative 31–2

anti-layering provision, second lien 235, 319

Asian options 44

asset substitution covenants 314–15

auction rate and remarketed preferred stock 61

Australia, mezzanine products 364–5

Autostrada Wielkopolska S.A. 196

bad covenants 320

balanced converts 58

bank debt/loans 2, 3, 243, 250

bank hybrids, rating of 274, 292–3

bank lending, reduction in 11–14

banking sector rules see Basel I; Basel II; Basel III

Bank of Cyprus, contingent convertible bonds 172

bankruptcy

automatic stay 457

Chapter 11 (DIP financing) 340, 341, 342–4, 424, 452–3, 503, 504

Events of Default covenant 318, 375–6, 386

inter-creditor agreements 323, 324, 325, 327, 331

legislation, reorganization ...