We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

PIK and shovel

14 November 2008

Realogy is now trying to avert bankruptcy despite throwing the switch on its PIK toggle. That was supposed to give LBOs breathing room but made the situation worse. Leon Black will need all his vaunted restructuring skills to save his struggling portfolio.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)