Pik Toggle news from FierceFinance

We've noted that Carl Icahn--who is none too pleased with how his Realogy PIK toggle bonds were being treated--sued to stop Realogy, controlled by Apollo, from issuing more bonds that would be more... Read more...

We noted recently that private equity firm Apollo has been among the most active beneficiaries of PIK toggle features in bond issues. Which basically allow portfolio companies to pay interest with... Read more...