Milken Latest: KKR’s Stavros Sees Cost Troubles in Senior Debt

The Milken Institute Global Conference is wrapping up its second day in Beverly Hills, bringing together an eclectic mix of attendees, from dealmakers to celebrities.

Speakers scheduled for the final day of the conference on Wednesday include Chelsea FC co-owner Todd Boehly, Snoop Dogg and World Bank President David Malpass.

KKR’s Stavros Sees More PIK Toggles on Senior Loans (8 p.m.)

Borrowing costs for companies have risen so dramatically that KKR & Co. has started to see loans at the top of the capital structure come with non-cash payment terms because the interest cost-burden is so high, according ...