Data Dictionary
Item Number 6722
MEZZANINE FINANCING CURRENTLY OUTSTANDINGCall confidentiality applies to FFIEC 031/041.
| Series | Start Date | End Date | Confidential? | Reporting Forms |
|---|---|---|---|---|
| BHCK6722 | 1990-09-30 | 1992-06-30 | Yes | FR Y-9C |
| RCFD6722 | 1991-03-31 | 1992-06-30 | Yes | Multiple Forms |
| RCON6722 | 1991-03-31 | 1992-06-30 | Yes | FFIEC 032 |
Data Description:
Includes the aggregate book value of all types of mezzanine financing currently outstanding. Mezzanine financing consists of all layers of financing between senior debt and equity investments. These include all unsecured loans and debt securities where payment is subordinated, loans or debt securities secured by liens inferior to those of senior debt, fully subordinated debt (debt on which, in the event of a default, the creditor would receive no interest or principal until all senior debt was fully repaid), and any limited-life preferred stock with significant debt characteristics held by the reporting bank or bank holding company organization. (Indirect mezzanine financing through mezzanine or bridge funds is reported under "Equity Investments (6740)").
Bridge loans have varying characteristics and are classified as senior debt or mezzanine financing based on the definitions above. Repayment of bridge loans is dependent on the successful marketing of longer term securities or the sale of assets for repayment. All bridge loans which would be subordinated to other obligations in the event of liquidation are included in mezzanine financing.
NOTE:
For the FR Y-9C report, this item is reported on Schedule HC-K and is completed only by bank holding companies with total consolidated assets of $1 billion or more, including Section 20 securities affiliates.
Reported as confidential. Reported only by the FFIEC 031 and 032 reporters on the Call report.
For the FFIEC 002 report, excludes all transactions with related depository institutions.
Noninvestment-grade high-yield debt securities (so-called "junk bonds") includes variant types of high yield issues which have attributes of debt, such as zero-coupon or zero-slash bonds and pay-in-kind (PIK) bonds. (Pay-in-kind preferred stock and other issues with significant equity attributes are included with "Equity Investments (6740)"). NOTE: Fully subordinated debt is debt on which, in the event of default, the creditor would receive no interest or principal until all senior debt was fully repaid.