1. One of the advantages of mezzanine debt, from the investor
perspective, is that there are borrower restrictions. Typically,
mezzanine lenders would have the right to approve all of the
following except:
a. management-by-law changes
b. dividend payments
c. acquisitions
d. additional debt issuance
2. Structured PIPEs possesses significant risks. Which of the
following would typically not be one of these risks?
a. PIPEs structured with “fixed” conversion ratios
b. The large majority of PIPE transactions are not
structured
c....