pääomajärjestelyt

Pääomajärjestelyt, in English often referred to as capital restructuring or financial restructuring, are changes made to a company's capital structure. This can involve altering the mix of debt and equity financing the company uses. The primary goals of a pääomajärjestely are typically to improve a company's financial health, reduce financial risk, or prepare for a specific strategic event like a merger, acquisition, or sale.

Common forms of pääomajärjestely include issuing new shares, repurchasing existing shares, issuing new debt, repaying debt, or converting debt into equity. A company might undertake these measures if it is over-leveraged, meaning it has too much debt relative to its equity, which can lead to high interest payments and increased risk of insolvency. Conversely, a company with too little debt might consider issuing debt to take advantage of tax deductions on interest payments or to fund growth opportunities.

Another reason for capital restructuring is to optimize the cost of capital. By adjusting the debt-equity ratio, a company can aim to lower its overall weighted average cost of capital (WACC), making it more attractive to investors and potentially lowering the cost of future financing. Restructuring can also be a response to changing market conditions or regulatory requirements. In essence, pääomajärjestelyt are strategic financial maneuvers designed to align a company's capital structure with its current and future operational and financial objectives.