An exchange of debt for equity, in which a lender is given a share of ownership to replace a loan. Used as a method of resolving debt crises.
Found on
http://www-personal.umich.edu/~alandear/glossary/
An exchange of debt for equity, in which a lender is given a share of ownership to replace a loan. Used as a method of resolving debt crises.
Found on
http://www-personal.umich.edu/~alandear/glossary/d.html
Where the provider of debt finance accepts equity finance as a replacement. The means the company does not need to pay fixed interest on the capital. Consequently such a transaction normally takes place when the company is experiencing difficulties.
Found on
http://www.encyclo.co.uk/local/20416
An arrangement between a lender and a debtor, usually a company, in which the lender agrees to reduce the debt in exchange for newly issued shares from the borrower
Found on
http://www.encyclo.co.uk/local/22643
No exact match found.
