When private equity firms buy up target companies, they rely on one major source of financial firepower — debt, and lots of it. But what happens when the interest on that debt jumps? For some, the ...

CALGARY, AB / ACCESSWIRE / December 27, 2023 / Southern Energy Corp. ("Southern" or the "Company") (TSXV:SOU)(AIM:SOUC)(OTCQX:SOUTF) announces that the Company has agreed to issue, in aggregate, ...

Private credit funds competing with banks to finance Carlyle Group Inc.’s potential buyout of some units of Medtronic Plc have offered a partial payment-in-kind feature in an effort to win the deal, ...

In the face of intensifying competition from the broadly syndicated loan market, private credit lenders are leveraging their ability to provide payment-in-kind flexibility to secure deals Private ...

NEW YORK, March 31 (Reuters) - Aircraft manufacturer Hawker Beechcraft said it has elected to pay in kind the interest due on its bonds as a way of maintaining cash. The company said it will pay the ...

Prospect Capital (NASDAQ:PSEC), the business development company that helped pioneer the use of private credit, posted an update on Tuesday highlighting its low debt-to-equity ratio, declining payment ...

PIK provisions in loan agreements permit borrowers to capitalize (or add to the principal balance of their loans) all or a portion of their accrued interest, rather than making current cash payments ...

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