Adósságstruktúraátalakítás

Adósságstruktúraátalakítás, often translated as debt restructuring, refers to a process where a borrower facing financial difficulties negotiates with its creditors to alter the terms of its existing debt obligations. The primary goal is to make the debt more manageable for the borrower, thereby avoiding default or bankruptcy. This can involve a variety of modifications to the loan agreements.

Common methods of debt restructuring include extending the repayment period, which lowers the amount of each individual payment. Another approach is reducing the interest rate on the debt, making the overall cost of borrowing less burdensome. In some cases, creditors may agree to a partial write-off of the principal amount owed, although this is often a last resort. Debt restructuring can also involve converting short-term debt into long-term debt, or even exchanging debt for equity in the company.

The process typically begins with the borrower identifying its inability to meet current debt obligations. This leads to negotiations with creditors, who may include banks, bondholders, or other financial institutions. Creditors agree to restructuring because it offers a greater chance of recovering some or all of their investment compared to a complete default, which could result in significant losses. Successful debt restructuring can help a company regain financial stability, improve its cash flow, and continue its operations. However, it can also have implications for the borrower's credit rating and future borrowing capacity.