Understanding Pik Money: Payment-in-Kind Financing
In the world of corporate finance, companies use various mechanisms to manage their capital, raise funds, or repay debts. Among these mechanisms is the “Payment-in-Kind” (PIK) instrument, which has grown in prominence, particularly in leveraged finance deals. This article explores the concept of Pik Money (Payment-in-Kind money), its applications, benefits, drawbacks, and examples of where … Read more