# Exchange Debt for Debt

**IRI:** https://folio.openlegalstandard.org/RCs2kzwpPKOdGEpbe0B13Ik

## Labels

**Preferred Label:** Debt Refinancing Swap

**Alternative Labels:**

- Debt Substitution
- Debt-to-Debt Exchange

## 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.

## Sub Class Of

- https://folio.openlegalstandard.org/R9QUQK65GB15xLVfXkpiW5r

**Deprecated:** False