ɪn dʒˈænjuːˌɛɹi tˈuː θˈaʊzənd ˈeɪtiːn, ˈaɪɹɪʃ ˌɑːntɹɪpɹənˈʊɹ pˈɔːl kˈaʊlsən jˈuːzd ɐ dˈɑːlɚ θɹˈiːhˈʌndɹɪd fˈɪfti mˈɪliən pˌiːˌaɪkˈeɪ bˈɑːnd tə pˈeɪ ɐ dˈɪvɪdˌɛnd tʊ ɐ ɡɹˈuːp ʌv ʃˈɛɹhoʊldɚz æt ðɪ ˈɑːɹdɑːɡ ɡɹˈuːp, fɔːɹ wˌɪtʃ kˈaʊlsən ɪz ðə lˈɑːɹdʒɪst ʃˈɛɹhoʊldɚ ænd tʃˈɛɹmən.
In January 2018, Irish entrepreneur Paul Coulson used a $350 million PIK bond to pay a dividend to a group of shareholders at the Ardagh Group, for which Coulson is the largest shareholder and chairman.