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Mezzanine Loan Agreement
I need a Danish law Mezzanine Loan Agreement for a EUR 50 million facility to finance a real estate development project, with PIK interest provisions and conversion rights exercisable from March 2025, including standard subordination provisions relative to the existing senior facility.
1. Parties: Identification of the lender, borrower, and any guarantors or security providers
2. Background: Context of the mezzanine financing, relationship to senior debt, and purpose of the loan
3. Definitions and Interpretation: Detailed definitions of terms used in the agreement, including financial metrics and calculation methodologies
4. The Facility: Details of the loan amount, purpose, and availability
5. Conditions Precedent: Conditions that must be satisfied before drawdown
6. Drawdown: Procedures and requirements for utilizing the loan facility
7. Interest and Fees: Interest calculation, payment dates, default interest, and applicable fees
8. Payment Mechanics: Payment procedures, currency, and business day conventions
9. Subordination and Priority: Ranking of the mezzanine debt and relationship with senior debt
10. Representations and Warranties: Borrower's confirmations regarding its status and capacity
11. Information Undertakings: Borrower's obligations to provide financial and other information
12. General Undertakings: Borrower's operational and financial covenants
13. Financial Covenants: Specific financial metrics the borrower must maintain
14. Events of Default: Circumstances constituting default and consequences
15. Acceleration and Enforcement: Lender's rights upon default
16. Changes to Parties: Transfer and assignment provisions
17. Administration: Notice requirements and administrative procedures
18. Governing Law and Jurisdiction: Application of Danish law and jurisdiction
1. Security: Required if the mezzanine loan is secured; details security package and enforcement rights
2. Conversion Rights: Include if the mezzanine loan includes equity conversion features
3. PIK Interest: Required if the agreement includes payment-in-kind interest provisions
4. Intercreditor Provisions: Detailed provisions required if not covered in a separate intercreditor agreement
5. Guarantees: Include if there are third-party guarantors
6. Exit Provisions: Include if there are specific provisions for early repayment or exit
7. Warrants: Required if the mezzanine financing includes warrant instruments
1. Conditions Precedent: Detailed list of required documents and conditions
2. Form of Drawdown Request: Template for borrower to request loan disbursement
3. Calculation of Financial Covenants: Detailed methodology for calculating financial metrics
4. Form of Compliance Certificate: Template for periodic compliance reporting
5. Security Documents: Forms of security documents if applicable
6. Warrant Instruments: Details of warrant terms if applicable
7. Conversion Mechanics: Detailed procedures for equity conversion if applicable
8. Repayment Schedule: Amortization schedule if applicable
9. Form of Transfer Certificate: Template for transferring loan participations
Authors
Acquisition
Additional Mezzanine Lenders
Affiliate
Agent
Authorisation
Available Commitment
Business Day
Cash Interest
Cash Pay Date
Change of Control
Commitment
Compliance Certificate
Conditions Precedent
Confidential Information
Default
Default Interest
Disposal
Disruption Event
Distribution
EBITDA
Enforcement Action
Event of Default
Facility
Final Maturity Date
Finance Documents
Finance Parties
Financial Indebtedness
Financial Quarter
Financial Statements
Financial Year
Group
Guarantor
Holding Company
Interest Payment Date
Interest Period
Intercreditor Agreement
Legal Reservations
Lenders
Loan
Margin
Material Adverse Effect
Mezzanine Discharge Date
Mezzanine Finance Documents
Mezzanine Facility
Obligor
Original Jurisdiction
Parent
Participating Member State
Party
Permitted Disposal
Permitted Financial Indebtedness
Permitted Security
PIK Interest
PIK Payment Date
Quarter Date
Quasi-Security
Quotation Day
Reference Banks
Relevant Market
Repeating Representations
Representative
Security
Security Agent
Security Documents
Senior Debt
Senior Facilities Agreement
Senior Finance Documents
Senior Lenders
Subordinated Creditor
Subordinated Debt
Subsidiary
Tax
Total Commitments
Transaction Documents
Transaction Security
Transfer Certificate
Transfer Date
Utilisation
Utilisation Date
Utilisation Request
Warrant Documents
Warrant Instruments
The Facility
Purpose
Conditions Precedent
Utilisation
Repayment
Prepayment and Cancellation
Interest
Interest Periods
Fees
Tax Gross-Up and Indemnities
Increased Costs
Mitigation
Payments
Set-Off
Subordination
Security
Representations and Warranties
Information Undertakings
Financial Covenants
General Undertakings
Events of Default
Changes to Parties
Role of Agents
Conduct of Business
Payment Mechanics
Amendments and Waivers
Confidentiality
Notices
Calculations
Partial Invalidity
Remedies and Waivers
Enforcement
Governing Law
Dispute Resolution
Service of Process
Intercreditor Provisions
Conversion Rights
PIK Interest Provisions
Exit Rights
Ranking and Priority
Private Equity
Real Estate
Manufacturing
Technology
Healthcare
Infrastructure
Renewable Energy
Retail
Telecommunications
Financial Services
Professional Services
Construction
Hospitality
Legal
Finance
Treasury
Compliance
Risk Management
Corporate Development
Investment
Credit
Deal Advisory
Capital Markets
Chief Financial Officer
Finance Director
Legal Counsel
Corporate Lawyer
Investment Director
Treasury Manager
Financial Controller
Debt Fund Manager
Private Equity Director
Investment Banker
Restructuring Advisor
Risk Manager
Compliance Officer
Portfolio Manager
Transaction Manager
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