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The markets had been highly robust during the first six months of 2007, with highly issuer friendly developments including PIK and PIK Toggle ( interest is " Payable In Kind ") and covenant light debt widely available to finance large leveraged buyouts.

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The markets had been highly robust during the first six months of 2007, with highly issuer friendly developments including PIK and PIK Toggle ( interest is " Payable In Kind ") and covenant light debt widely available to finance large leveraged buyouts.

Edit
Promote Demote Fragment Fix

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