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The Mezzanine Debt Term Sheet serves as a preliminary agreement documenting the proposed terms for a mezzanine financing transaction in Singapore. This document is typically used when companies require flexible financing solutions that bridge the gap between senior debt and equity financing. The term sheet outlines crucial elements including facility amount, interest rates, security package, conversion rights, and ranking provisions. Under Singapore's legal framework, the document must comply with various regulatory requirements, including those set by the Monetary Authority of Singapore and the Companies Act. The term sheet forms the basis for the subsequent detailed facility documentation.

1. Parties: Identification of lender(s), borrower(s), and any guarantors

2. Background: Context of the mezzanine financing arrangement

3. Definitions: Key terms used throughout the term sheet

4. Facility Amount: Size and nature of the mezzanine facility

5. Interest Rate and Payment Terms: Interest rates, payment schedules, and calculation methods

6. Security Package: Details of collateral and security arrangements

7. Ranking and Subordination: Priority position relative to other debt

8. Covenants: Financial and operational commitments

9. Events of Default: Circumstances triggering default