An arrangement between a lender and a debtor, usually a company, in which the lender agrees to reduce the debtMoney owed to another person or organisation, such as a loan... in exchange for newly issued shares from the borrower.
An arrangement between a lender and a debtor, usually a company, in which the lender agrees to reduce the debtMoney owed to another person or organisation, such as a loan... in exchange for newly issued shares from the borrower.