{"id":8164,"date":"2026-05-11T22:44:51","date_gmt":"2026-05-11T22:44:51","guid":{"rendered":"https:\/\/virconlegal.com\/term\/oz-sermaye-katkisi\/"},"modified":"2026-05-11T22:44:51","modified_gmt":"2026-05-11T22:44:51","slug":"oz-sermaye-katkisi","status":"publish","type":"term","link":"https:\/\/virconlegal.com\/tr\/term\/oz-sermaye-katkisi\/","title":{"rendered":"\u00d6z Sermaye Katk\u0131s\u0131"},"content":{"rendered":"<h3>TLDR<\/h3>\n<p>\u00d6z Sermaye Katk\u0131s\u0131, daha d\u00fc\u015f\u00fck faiz oranlar\u0131n\u0131 kabul eden bor\u00e7 verenlerin anla\u015fmay\u0131 cazip bulmas\u0131n\u0131 sa\u011flamak amac\u0131yla bir bor\u00e7 arac\u0131na eklenen ve bor\u00e7 verene bor\u00e7lunun \u015firketinde \u00f6z sermaye pay\u0131 edinme hakk\u0131 tan\u0131yan varant veya opsiyondur.<\/p>\n<h3>Yap\u0131land\u0131r\u0131lm\u0131\u015f Anla\u015fmalarda \u00d6z Sermaye Katk\u0131s\u0131:<\/h3>\n<p>\u00d6z sermaye katk\u0131lar\u0131, uzun vadede bor\u00e7 veren ve bor\u00e7 alan\u0131n \u00e7\u0131karlar\u0131n\u0131 uyumlu hale getirmek amac\u0131yla bir\u00e7ok anla\u015fma t\u00fcr\u00fcnde kullan\u0131l\u0131r. Kald\u0131ra\u00e7l\u0131 sat\u0131n al\u0131mlarda bor\u00e7 verenler, LBO&#8217;nun ba\u015far\u0131l\u0131 olmas\u0131 durumunda \u00f6z sermaye art\u0131\u015f\u0131na kat\u0131lmalar\u0131na olanak tan\u0131yan varantlar kar\u015f\u0131l\u0131\u011f\u0131nda piyasa alt\u0131 faiz oranlar\u0131n\u0131 kabul edebilir. B\u00fcy\u00fcme kredisinde gelire dayal\u0131 bor\u00e7 verenler zaman zaman erken a\u015fama \u015firketlere bor\u00e7 vermenin riskini telafi etmek amac\u0131yla varant kapsam\u0131 al\u0131r.<\/p>\n<p>Varant kapsam\u0131yla risk borcu de\u011ferlendiren kurucular i\u00e7in varantlar\u0131n ekonomik etkisi \u00e7o\u011funlukla hafife al\u0131nmaktad\u0131r. %15 varant kapsam\u0131yla 3 milyon dolarl\u0131k kredi, 450.000 dolarl\u0131k \u00f6z sermaye \u00fczerinde varant yarat\u0131r; bu 50 milyon dolarl\u0131k \u00e7\u0131k\u0131\u015fta birka\u00e7 milyon dolar de\u011ferinde olabilir. Pek \u00e7ok durumda risk borcunun bask\u0131n ekonomik maliyeti faiz oran\u0131 de\u011fil varant kapsam\u0131d\u0131r.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TLDR \u00d6z Sermaye Katk\u0131s\u0131, daha d\u00fc\u015f\u00fck faiz oranlar\u0131n\u0131 kabul eden bor\u00e7 verenlerin anla\u015fmay\u0131 cazip bulmas\u0131n\u0131 sa\u011flamak amac\u0131yla bir bor\u00e7 arac\u0131na eklenen ve bor\u00e7 verene bor\u00e7lunun \u015firketinde \u00f6z sermaye pay\u0131 edinme hakk\u0131 tan\u0131yan varant veya opsiyondur. Yap\u0131land\u0131r\u0131lm\u0131\u015f Anla\u015fmalarda \u00d6z Sermaye Katk\u0131s\u0131: \u00d6z sermaye katk\u0131lar\u0131, uzun vadede bor\u00e7 veren ve bor\u00e7 alan\u0131n \u00e7\u0131karlar\u0131n\u0131 uyumlu hale getirmek amac\u0131yla [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","format":"standard","meta":{"footnotes":""},"categories":[],"class_list":["post-8164","term","type-term","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/term\/8164","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/term"}],"about":[{"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/types\/term"}],"author":[{"embeddable":true,"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/comments?post=8164"}],"version-history":[{"count":1,"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/term\/8164\/revisions"}],"predecessor-version":[{"id":8783,"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/term\/8164\/revisions\/8783"}],"wp:attachment":[{"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/media?parent=8164"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/categories?post=8164"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}