Economy

    Private credit deals see a rise in ‘Bad PIKs’ showing ‘cracks’ in the market for corporate debt

    Private credit deals see a rise in ‘Bad PIKs’ showing ‘cracks’ in the market for corporate debt

    A majority of payments-in-kind deals, usually offered to riskier corporate borrowers, are now of the kind that indicates distress, Lincoln International says.

    November 21, 2025

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