# Mezzanine Debt Funding Model

Structure mezzanine financing with coupon, PIK toggle, and equity upside to bridge leverage gaps while protecting sponsor returns and lender position.

- Canonical: https://finamodel.com/templates/mezzanine-debt
- Download (.xlsx): https://finamodel.com/templates/mezzanine-debt.xlsx
- Category: Private Equity
- Model type: Fund / Waterfall
- Difficulty: Intermediate
- Audiences: Credit & risk, Fund managers
- Tags: mezzanine, debt-financing, pik, warrants, subordinated-debt

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