2024年12月12日 · We estimate that 11.7% of the broadly syndicated and private-credit loans held by business development companies (BDCs) in the second quarter of 2024 were making …

2024年10月10日 · In an LCD review of 2023 year-end financials for BDCs, we compiled the dollar amount of PIK reported along with PIK as a percent of interest and dividend income. Notably, …

2024年12月17日 · Weighted average payment-in-kind (PIK) interest as a percentage of BDC total investment income (for BDCs that reported PIK income) was 6.66% in 3Q24 compared to …

For 2Q24, PIK averaged 9.0% of interest and dividend income for the rated peer group, up from 8.7% in 1Q24 and 8.4% in 2Q23. BDCs are required to distribute 90% of taxable income, …

2023年12月23日 · Last week we got a question on the service of whether the amount of PIK loans in the BDC portfolio is indicative of increased risk of loans going bad. A PIK or payment-in-kind …

In a white paper this year, mid-mar-ket lender Man Varagon, part of Man Group, using public BDC fi lings, esti-mated that PIK income as of 30 June 2023 accounted for as much as 12 per-cent …

2024年10月26日 · There was a recent FT article about the rise in PIK in the BDC space. The key data point is that PIK has been rising and is now the highest since 2020 at around 7.5% on …

2024年2月16日 · In an interview with LevFin Insights, Timothy Kang and Chris Cessna, Directors and co-leads of Houlihan Lokey’s private credit valuation services, discussed the recent …

2024年10月25日 · Payment-in-kind income as percentage of BDC interest and dividend has risen since 2021. Stale and uncertain valuations for private debt and increased adoption of payment …

2024年7月2日 · In a white paper this year, mid-market lender Man Varagon, part of Man Group, using public BDC filings, estimated that PIK income as of 30 June 2023 accounted for as …