Refunding

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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.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.
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STRESSED DEBT COVERAGE: The debt refunding transaction will give Wilson cash flow relief in the near term to execute its strategic plan, which does not project 1x MADS coverage until at least fiscal 2020.
Fitch Rates Wilson College, PA's 2018 Rev and Refunding Bonds 'BB'; Outlook Stable
The Ministry of Finance says that issuing long-term securities reduces the risk of public debt refunding and explains that it is a sign that showcases the investors' trust in Macedonia's economy.
MACEDONIAN AUTHORITIES ISSUE 30YEAR GOVERNMENT BOND FOR FIRST TIME
The debt refunding deal cannot be signed as so far only 87.6% of the creditors have reached an agreement with the company.
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The notes, due 30 April 2015, are guaranteed by LK, with proceeds from the offering to be used for debt refunding.
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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.
The tax advantages of refunding debt by calling, repurchasing, and putting

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