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Private Credit Is Fearing ‘Shadow Defaults’ Because of This Lending Tactic

YouTubeThe Wall Street Journal

Private Credit Is Fearing ‘Shadow Defaults’ Because of This Lending Tactic

Private-credit firms used a loan option that defers interest payments in order to win competitive deals. WSJ’s AnnaMaria Andriotis explains why they’re now beginning to cut back on the option, known as payment in kind, or PIK. #wsj #thewallstreetjournal #finance

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