Prudential Capital Group: Types of Capital

Prudential Capital Group

Regional Office Network General Contact Information

Regional Office
Network Contacts Specialty Groups

Energy Finance Group: Oil & Gas Energy Finance Group: Power Lease Finance Group Infrastructure Finance Commercial Asset Finance Group Pricoa Capital Group

Private Placement Mezzanine Energy Finance

Pru-Shelf Lease Finance

Infrastructure Finance Commercial Asset Finance International Private Placement

Oil & Gas Power

Credit Tenant Lease Leveraged Lease

Our Company Our Competitive
Advantage Our Portfolio Our Management

Bridging the gap between equity and senior debt, mezzanine capital typically comes in the form of subordinated debt with attached warrants.

Structural Characteristics
	Repayment of principal after senior debt has been fully amortized
	Combination of cash coupon and deferred interest
	Nominal warrants representing minority stake in issuer

Typical Size
	$10 million - $100 million

Typical Uses
	Recapitalizations
	Expansion/Growth capital
	Sponsored and sponsorless buyouts
	Acquisitions

Issuer Benefits
	Patient capital supporting long-term growth
	Less costly than direct equity issuance
	Attractive alternative to an outright sale of the business
	Structural flexibility

	Privacy \| Terms and Conditions
	Prudential is authorized to transact business in all U.S. states and the District of Columbia. Product availability varies by state and country. Prudential, the Prudential logo, and the Rock symbol are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide. © Copyright 2013 Prudential Financial, Inc., Newark, NJ USA. All rights reserved. Prudential Financial is a service mark of The Prudential Insurance Company of America, Newark, NJ, and its affiliates.