Which one of the following financing structures reflects the correct order of seniority in a leveraged buyout transaction?

Select one:

Preference shares, term A, term B, Term C, mezzanine loan, common equity

Term A, term B, term C, preference shares, mezzanine loan, common equity

Term A, term B, term C, mezzanine loan, preference shares, common equity

Term A, term B, term C, preference shares, senior unsecured notes, common equity