Refunding

(redirected from Debt refunding)
Also found in: Financial, Wikipedia.

Refunding

Reimbursing funds in restitution or repayment. The process of refinancing or borrowing money, ordinarily through the sale of bonds, to pay off an existing debt with the proceeds derived therefrom.

See: compensatory
References in periodicals archive ?
The City of Saratoga Springs (City) is seeking a firm to serve as financial advisor in conjunction with annual debt issuances, possible debt refunding, continuing disclosure, and other related services.
The debt refunding deal cannot be signed as so far only 87.
a for-profit provider of education and school management services for the pre-elementary through 12th grade market, reported that it has closed the senior debt refunding with Fleet and Commerce Bank.
In this paper, we examine the tax benefits of several debt refunding mechanisms to be used by firms to refund their debt following a decline in the yield of their bonds.
5% from fiscal 2011 and included debt refunding savings, reduced staffing costs and reduced discretionary account spending.
Use of nonrecurring budgetary measures, including debt refunding or restructuring issuances, generated approximately $5 million in savings for fiscal 1998.
Debt refunding requirements are manageable with the company's next debt maturity being $150 million in 2013.
Thus, this debt refunding will not affect the tax-exempt status of the bonds.
Liquidity is expected to be strong given WMB's cash resources, minimal debt refunding requirements over the next 10 years, and substantially reduced capital spending with the separation of E&PCo.
In raising NIPSCO Industries' rating, Duff & Phelps said, "NIPSCO's financials have improved in recent years as a result of debt refunding and retirement, electric and gas sales growth (both as a result of a return to more normal weather and a stronger local economy), and aggressive cost controls.
The variable rate debt refunding will reduce its proportion of variable rate debt to 28% from 34% as of Sept.
It is important to note, that with this debt refunding, the district will be springing an amendment in the hydroprojects' respective bond resolutions, which allows for the combination of the separate hydro systems into a single system.