Senior position in the capital structure, thus prioritized for repayment in the event of default or insolvency. Typically secured by collateral or assets over which the lender has first claim. Cheaper than subordinated debt, Mezzanines or Equity. Senior Debt offers businesses access to relatively low-cost capital, making it an attractive option for established companies with strong credit profiles.

A combination of Senior and Subordinated debt in one instrument, issued by one debt provider. Created to simplify the debt structure, as one lender can satisfy the whole debt requirement. As a combination of senior and subordinated debt, the interest rate charged often falls between the two.

Also called "junior debt" – Subordinated to senior debt in the capital structure. More expensive than senior debt, it might come with "Yield Kickers". Sits below Senior debt but above equity in the capital structure meaning lenders are repaid before shareholders or owners.

Blends elements of debt and equity, offering companies a flexible funding option for expansion projects, acquisitions, or leveraged buyouts. It typically comes with higher interest rates and may include equity conversion rights in case of key events.

Preferred equity represents ownership of a company with higher priority claim on dividends than common stockholders. Preferred stockholders usually have no or limited voting rights in corporate governance. In the event of a liquidation, their claims on assets is also stronger than common stockholders but weaker than debt holders.

Shareholders owning common stock have voting rights on corporate matters and can benefit from company growth through dividends and stock price appreciation. Unlike debt, equity does not require fixed repayments, fering financial flexibility to the company. A robust common equity base signals financial health and stability to stakeholders.