Issued by a CORPORATION during a restructuring phase, an adjustment bond is given to the bondholders of an OUTSTANDING bond issue prior to the restructuring. The debt obligation is consolidated and transferred from the outstanding bond issue to the adjustment bond. This process is effectively a recapitalization of the COMPANY's outstanding debt obligations, which is accomplished by adjusting the terms (such as interest RATES and LENGTHS to maturity) to increase the likelihood that the company.

Issued by a corporation during a restructuring phase, an adjustment bond is given to the bondholders of an outstanding bond issue prior to the restructuring. The debt obligation is consolidated and transferred from the outstanding bond issue to the adjustment bond. This process is effectively a recapitalization of the company's outstanding debt obligations, which is accomplished by adjusting the terms (such as interest rates and lengths to maturity) to increase the likelihood that the company.