An offer made by the equity owners of a
company to their bondholders asking them to cancel the bonds they hold in
return for obtaining equity in the company.
"debt-reducing exchange offer." YourDictionary, n.d. Web. 17 August 2018. <http://www.yourdictionary.com/debt-reducing-exchange-offer>.
debt-reducing exchange offer. (n.d.). Retrieved August 17th, 2018, from http://www.yourdictionary.com/debt-reducing-exchange-offer