debt-for-equity
adjective
ukusFINANCE
used todescribeasituationin whichshareholdersin acompanyare givenbondstoreplacetheirshares:
Itslendersagreedto adebt-for-equityswaptosavethecompany.
Thecompanyextendeditsdebt-for-equityofferfor afurtherdayinordertoraisethelevelofsupportfor thecrucialdeal.
See also
debt-equity swap