Exchange offer

In finance, corporate law and securities law, an exchange offer is a form of tender offer^[1] in which securities are offered as consideration instead of cash.

In a bond exchange offer,^[2] bondholders may consensually exchange their existing bonds for another class of debt or equity securities. Companies may often seek to exchange their securities to extend maturities, reduce debt outstanding or convert debt into equity.

References

^ "Debt Tender and Exchange Offers: The Basics". Debevoise. Retrieved 2017-09-29.
^ "Bond Exchange Offers or Collective Action Clauses?" (PDF). Retrieved 2017-09-29.

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[1] "Debt Tender and Exchange Offers: The Basics". Debevoise. Retrieved 2017-09-29.

[2] "Bond Exchange Offers or Collective Action Clauses?" (PDF). Retrieved 2017-09-29.

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[2]

Exchange offer

See also

References