Help needed.
So I have a call later with someone pretty high up at GE capital and I'm trying to understand what exactly they do so I don't sound retarded. I know they basically lend debt to other companies, but can someone explain what mezzanine lending is? Also what is "single lien"? Don't even know how to pronounce that. Thanks
http://lmgtfy.com/?q=single+lien
http://lmgtfy.com/?q=mezzanine+lending
Pronounced like lean. Mezz lending is unsecured/subordinated debt with higher rates because of the lower priority in BK proceedings. GE Capital finances a ton of stuff, but it sounds like your guy works with mezz so you probably won't be talking about asset-based lending or the sale of receivables. They are a non-bank bank so they can lend with less regulation and are huge so they can load their balance sheet with a ton of whatever if they feel like it. Some articles about them that may give help with context and where they are headed.
http://dealbook.nytimes.com/2010/12/06/with-ge-capital-mckinsey-missed-…
http://dealbook.nytimes.com/2011/01/21/ge-capital-bounces-back/
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