donald trump
donald trump
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- qruise
his wikipedia says..
Banks and bond holders had lost hundreds of millions of dollars, but opted to restructure his debt to avoid the risk of losing more money in court.
what the hell does that mean? what does restructuring someones debt mean?
- Jaline0
isn't he going to shave his head for some wrestling match?
- jox0
Companies use debt restructuring to avoid default on existing debt or to take advantage of a lower interest rate.
A company will often issue callable bonds to allow them to readily restructure debt in the future. The existing debt is called and then replaced with new debt at a lower interest rate...