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Jones Day

Stretching Leverage: Holdco PIK Financing Instruments

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Key Points - Holdco PIK financing instruments may present an attractive and/or alternative source of capital for private equity sponsors to finance acquisitions or to facilitate dividend recapitalisations. Creditors...more

Skadden, Arps, Slate, Meagher & Flom LLP

"The US High-Yield Market: A More Cautious 2014 "

Investor enthusiasm for U.S. high-yield bonds continued in 2013. The market delivered the second-strongest year by volume, despite the summer’s increased interest rates and volatility resulting from speculation about the...more

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