An exchange offer in finance, corporate law and securities law, is a form of tender offer[1] in which securities are offered as consideration instead of cash.
In a bond exchange offer,[2] bondholders may consensually exchange their existing bonds for another class of debt or equity securities. Companies will often seek to exchange their securities to extend maturities, reduce debt outstanding or convert debt into equity.
See also
References
- ^ "Debt Tender and Exchange Offers: The Basics". Debevoise. Retrieved 2017-09-29.
- ^ "Bond Exchange Offers or Collective Action Clauses?" (PDF). Retrieved 2017-09-29.
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This page was last edited on 6 January 2023, at 02:53