Making the Case for Lower-Middle Market M&A

Making the Case for Lower-Middle Market M&A

Making the Case for Lower-Middle Market M&A When thinking about Mergers and Acquisitions (“M&A”) in the traditional sense, one might imagine large, multinational companies combining due to lack-luster organic growth opportunities or to increase economies of scale. While this may ...
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What is Payment In Kind (PIK) Loan Interest?

What is Payment In Kind (PIK) Loan Interest?

What is Payment In Kind (PIK) Loan Interest? Payment In Kind, or PIK, is an often misunderstood topic in leveraged finance. In the industry it is used to describe interest that can be paid by a borrower in a deferred manner via the issuance of additional securities instead of the more typical ...
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Mezzanine Debt as a Source of Growth Capital

Mezzanine Debt as a Source of Growth Capital

Growth Capital is often the missing puzzle piece to complement a great strategy, management team and business.   Mezzanine debt is often used by profitable private companies as growth capital because it positions the balance sheet for growth.  The interest only non-amortizing nature of ...
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