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.
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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