It's good to see that startups that are generating revenues and solid profits can have access to this type of financing, resulting in no/little dilution compare

It's good to see that startups that are generating revenues and solid profits can have access to this type of financing, resulting in no/little dilution compared to VC funding (like all mezz funds I guess HS has had to issue warrants). I'm curious to know the cash vs PIK component/terms of this instrument. The mezzanine market is huge (but not as big as it used to be in 06-07) and a great bridge-to-equity instrument if an IPO is a viable option. Kudos to HubSpot.