PIK Your Poison: Toggle Notes Return

Sheahan, Matthew
April 2011
High Yield Report;4/25/2011, Vol. 22 Issue 17, p9
The article reports on the return of the payment in kind (PIK) Toggle notes, with PIK notes issued on the junk bond market as of April 2011 topping the total of 2009 and 2010. According to Standard & Poor's, issuers have priced a total of 2.4 billion U.S. dollars. These deals reflect that companies are beginning to look for financing with the concession.


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