{"id":111036,"date":"2025-10-31T17:55:12","date_gmt":"2025-10-31T17:55:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/111036\/"},"modified":"2025-10-31T17:55:12","modified_gmt":"2025-10-31T17:55:12","slug":"private-credits-rising-pile-of-bad-pik-points-to-default-woes","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/111036\/","title":{"rendered":"Private Credit\u2019s Rising Pile of \u2018Bad PIK\u2019 Points to Default Woes"},"content":{"rendered":"<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody__3UcBa\" data-component=\"paragraph\">It was supposed to be a quick fix for a sudden problem in credit markets.<\/p>\n<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody__3UcBa\" data-component=\"paragraph\">Payment-in-kind debt, the argument went, would give struggling borrowers breathing room to deal with soaring interest rates \u2014 by letting them push back payments until the debt itself had to be repaid. But the pile of this expensive debt keeps on swelling, and is now raising concern in some circles that private credit funds are using PIK to mask a deterioration in loan quality.<\/p>\n","protected":false},"excerpt":{"rendered":"It was supposed to be a quick fix for a sudden problem in credit markets. Payment-in-kind debt, the&hellip;\n","protected":false},"author":2,"featured_media":111037,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,19983,5399,219,3508,27464,5743,220,111,139,69,79536,27462,16541,79537,4233],"class_list":["post-111036","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-chief-executive-officer","tag-debt","tag-economy","tag-interest-rates","tag-international-monetary-fund","tag-jpmorgan-chase-co","tag-markets","tag-new-zealand","tag-newzealand","tag-nz","tag-points-sas","tag-private-credit","tag-valuation","tag-vijay-padmanabhan","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/111036","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=111036"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/111036\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/111037"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=111036"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=111036"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=111036"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}