"Capital restructuring" is the term applied to the process of retiring an old, high interest bond issue and replacing it with a new lower interest issue.

Question

Quizplus · Accepted Answer

The process described is known as "refinancing" or "refunding," not "capital restructuring." Capital restructuring involves changing the mix of debt and equity in a company's capital structure.

"Capital Restructuring" Is the Term Applied to the Process of Retiring