A useful tool, or hidden default? Take your PIK

Seen by some as a sign of trouble but by others as a practical way of helping firms through a rate-rise environment, payment in kind has returned to centre stage.

ByRobin Blumenthal

1 September 2023•5 mins read

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Featured Distressed & Special Situations Investors

A useful tool, or hidden default? Take your PIK

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First Eagle Investment Management

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