A junior issue refers to a type of debt or equity that is subordinate in claim to another issue, particularly in terms of dividends, interest, principal, or security in the event of liquidation.
Mezzanine financing is a hybrid form of financing that includes both debt and equity components. It is typically used by companies to fund growth and expansion projects, and it is structured as subordinated debt but often comes with attached equity instruments like warrants or convertible shares.
