restructuring

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Restructuring

The reorganization of a company in order to attain greater efficiency and to adapt to new markets. Major corporate restructuring transactions include mergers, acquisitions, tender offers, leveraged buyouts, divestitures, spin-offs, equity carve-outs, liquidations and reorganizations.

Restructuring

The act or process of changing the terms on the assets and/or liabilities of a company. That is, a company may consolidate its debts, significantly change the size and scope of its operations, and take other measures to reduce the strain of continuing operation. Most companies restructure either as part of a bankruptcy or as an effort to avoid it. If the company is restructuring as part of a corporate bankruptcy, it is said to be in receivership.

restructuring

A significant rearrangement of a firm's assets and/or liabilities. A firm's restructuring may include discontinuing a line of business, closing several plants, and making extensive employee cutbacks. A restructuring generally entails a one-time charge against earnings. Compare debt restructuring.

restructuring

see CORPORATE RE-ENGINEERING.
References in periodicals archive ?
Required space renovations and base building improvements are critical factors in the negotiation, since the level of required capital investment is central to calculating the restructured rental.
have reached an agreement with GECAS, a creditor and the Company's largest lessor, to restructure their obligations in conjunction with the comprehensive restructuring program announced March 28, 2003, and commenced making payments to GECAS on a restructured basis.
In addition, simultaneously with this acquisition and lease restructuring, Alterra restructured its existing lease portfolio with NHP, converting individual residence leases into a second new master lease.
Under the agreement in principle with its bank lenders, Leiner's existing senior indebtedness will be restructured and remain outstanding.
A reduced and restructured debt load, a lessened current interest burden, combined with access to a new revolving credit facility will enable Leiner Health Products to operate from a stronger financial position.
Under the agreement, the noteholders will exchange their $165 million of old notes for $10 million in cash, $100 million of new five year notes with PIK interest of 8% per annum and 15% of the equity in the restructured company.
Based on its current estimates, USD anticipates that, absent completion of additional center sales or the availability of additional short term liquidity, its current cash and cash generated from operations will be sufficient to meet its anticipated cash needs (other than amounts required to repurchase Debentures as described above) to approximately June 2001; however, if its principal repayments can be appropriately restructured, USD believes that its cash flow will be sufficient to permit it to complete the sale of the remaining centers over time, although there can be no assurance in this regard.