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Business, 21.04.2020 23:46 OIFvet

Mezzanine lenders will occasionally include features like "PIK Toggle"s, which allow the borrower to "pay" its interest by rolling it into the loan balance. Thus, if the company can't make an interest payment as normally scheduled, it can defer some or all of the interest for a period of time. This is one of the reasons why borrowers like mezzanine debt. True or false?

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