Definition of “debt-for-equity” - English Dictionary

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“debt-for-equity” in Business English

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FINANCE used to describe a situation in which shareholders in a company are given bonds to replace their shares:

Its lenders agreed to a debt-for-equity swap to save the company.
The company extended its debt-for-equity offer for a further day in order to raise the level of support for the crucial deal.

(Definition of “debt-for-equity” from the Cambridge Business English Dictionary © Cambridge University Press)