Greenfield Partners, LLC, was founded by private equity and real estate executive Eugene Gorab in 1997. Eugene Gorab currently heads the investment firm, which specializes in all areas of real estate financing, including debt restructuring and asset repositioning. Debt for equity is a form of debt restructuring that can be deployed by companies seeking to adjust their debt-to-equity ratio or fulfill another type of financing requirement. Debt/equity swaps are also common in chapter 11 bankruptcy cases, where debt holders are given equity shares of the reorganized company. Businesses can also provide bond-holding creditors with this option to avoid making bond payments at face value. To make the swap to equity more appealing for creditors, a company can offer to replace the debt amount with higher-valued stock. If investors agree to the swap, they effectively change the class of their asset and gain the rights afforded to shareholders. If stocks are exchanged for debt, former shareholders relinquish their voting rights and other shareholder privileges.
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2/28/2023 11:15:07 pm
Thanks for sharing your ideas and thoughts! We provide an innovative suite of trade finance software solutions for global, national, and regional banks. We help to digitalise their trade finance processing and streamline the transaction lifecycle.
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AuthorCurrently, Eugene Gorab serves as the President and Chief Executive Officer of Greenfield Partners, LLC, a company he founded in 1997. Archives
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