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Covenant-lite Loans and PIK Toggles Make a Comeback
Practical Law Legal Update 5-505-1341 (Approx. 2 pages)
Covenant-lite Loans and PIK Toggles Make a Comeback
by PLC Finance
| Published on 14 Mar 2011 • USA (National/Federal) |
An update on the increasing popularity of risky loan structures, including covenant-lite loans and PIK toggle notes.