What are the main differences between a convertible bond and mezzanine debt? When is one used over the other? Who issues convertible bonds? Which is more senior? Is share dilution any different in the exercise of each?
Even if no direct answer here I would also appreciate a reading recommendation that answers this, as I have been unable to clarify this question thus far.
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Mez debt generally has warrants or payments based on valuation. Convertible is just an option to convert debt to equity. I could be wrong tho
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