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Payment-in-kind (“PIK”) Toggle

A feature in the loan documentation that allows the borrower to switch between interest payments in cash or in kind (PIK/capitalized) during the maturity of the loan within certain parameters.

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Leverest is a fintech-platform designed to facilitate financing transactions by applying advanced technology. Coming from the industry, we thrive in connecting borrowers (companies & private equity investors) and their advisors with the right lending partners, thus providing a best-in-class financing experience by applying advanced technology and facilitating to superior financing outcomes.