Exchange offer

An exchange offer, in finance, corporate law and securities law, is a form of tender offer, in which securities are offered as consideration instead of cash.

In a bond exchange offer, 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

This article is issued from Wikipedia - version of the Saturday, November 09, 2013. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.