Mezzanine \Mez"za*nine\, n. [F. mezzanine, It. mezzanino, fr. mezzano middle, fr. mezzo middle, half. See {Mezzo}.] 1. (Arch.) (a) Same as {Entresol}. (b) A partial story which is not on the same level with the story of the main part of the edifice, as of a back building, where the floors are on a level with landings of the staircase of the main house.
2. A flooring laid over a floor to bring it up to some height or level. [Webster 1913 Suppl.]
3. Also
{mezzanine floor}. (Theat.) A floor under the stage, from which various contrivances, as traps, are worked. [Webster 1913 Suppl.]
4. The lowest balcony in a theater, or the forward part of the first balcony. [PJC]
The transactions being put together for individual investors are limited partnerships that comprise an equity stake, so-called mezzanine financing (privately placed junk bonds that usually include a small share in the equity), or a combination of the two.
The balance of the payment will be met by Bank of Scotland and UBS, providing senior debt of Pounds 47.5m, and Intermediate Capital Group, with mezzanine debt of Pounds 6m.
On the mezzanine floor, the Industrial Creation Center (CCI) presents a rambunctious hodgepodge of industrial, commercial and design objects that looks like an enormous '50s garage sale.
Although the interior design is still tentative, each biospherian will have an individual apartment with a ground floor and a mezzanine, small but private.
It had not needed the Pounds 3.3m of mezzanine finance, he said, and Pounds 22m of senior debt was repaid. Morgan Grenfell is lead merchant bank in the Pounds 20m revolving facility, supported by Royal Bank of Scotland and Standard Chartered.
There is no shortage of mezzanine funding available.
The group has loans of Pounds 1bn from banks and Pounds 375m from mezzanine lenders. Unusually under the standstill banks will give up their 'on demand' rights, which should reassure Gateway's suppliers to continue extending trade credit.
The funds will redeem Pounds 7.3m in preference shares and repay Pounds 4m in mezzanine debt.
It will also have the highest top ticket price for a Broadway musical _ $100 for selected seats in the mezzanine.
Bradford said it was determined later that the hotel only had sprinklers on the bottom floor and second-floor mezzanine.