Exchange Debt for Debt
type: Class
preferred label: Debt Refinancing Swap
alternative label: Debt Substitution
alternative label: Debt-to-Debt Exchange
subclass of: R9QUQK65GB15xLVfXkpiW5r
definition: An asset exchange involving the replacement of one form of debt with another. This often aims to take advantage of better terms or to extend the maturity of the debt.