Buyout Firms Resurrect Precrisis Finance Tool

Buyout firms are pulling some risky debt-financing levers that were big hits during the boom years before the financial crisis—the latest example: so-called pay-in-kind, or PIK, toggle bonds.



via WSJ.com: Markets http://online.wsj.com/article/SB10001424052702303672404579147843301078988.html?mod=rss_markets_main