| 释义 |
recapitalization
re·cap·i·tal·ize R0078900 (rē-kăp′ĭ-tl-īz′)tr.v. re·cap·i·tal·ized, re·cap·i·tal·iz·ing, re·cap·i·tal·iz·es To change the capital structure of (a corporation).
re·cap′i·tal·i·za′tion (-ĭ-zā′shən) n.recapitalization (ˌriːkæpɪtəlaɪˈzeɪʃən) or racapitalisationn (Commerce) the process of changing the way a company manages its financial affairs, for example by borrowing money or reissuing sharesre•cap•i•tal•i•za•tion (riˌkæp ɪ tl əˈzeɪ ʃən)
n. a revision of a corporation's capital structure by an exchange of securities. [1925–30] Translations
recapitalization
RecapitalizationThe act of changing a company's capital structure. For example, a highly leveraged company (one that is largely financed with debt) may repay most of its debt and issue stock so that it is financed with equity. On the other hand, a company may make a self-tender offer and buy back most of its stock while issuing bonds so that it becomes debt-financed. Some companies may believe that recapitalization can be advantageous, but the capital structure irrelevance principle states that a company's capital structure has no bearing on its profitability. Recapitalization is also called an e-type reorganization.recapitalization A change a company makes in the long-term financing mix it uses. For example, a firm may borrow long-term funds (that is, it may sell bonds) in order to acquire the money needed to repurchase a block of its outstanding stock. Because recapitalization will often affect the level and the volatility of earnings per share, it is of interest to stockholders. Recapitalization often occurs when a firm attempts to reorganize while in bankruptcy proceedings. |