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Posts Tagged ‘PIK toggle’

10 October 2016

Apollo scraps controversial PIK toggle for summer 2015 purchase Verallia

champagne-592638_1920 Apollo Global Management has reportedly scrapped plans to cash out a dividend from French glass bottle maker Verallia through a controversial €500m PIK toggle bond.

17 March 2014

HIG Capital recoups investment in Cornerstone Chemical through PIK toggle

chemicals5_lrg HIG Capital has reportedly returned more than its initial investment in Cornerstone Chemical after the company issued $75m in PIK toggle notes to pay a dividend to shareholders.

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