recapitalize

recapitalize re‧cap‧i‧tal‧ize [riːˈkæpɪtl-aɪz] also recapitalise verb [intransitive, transitive] FINANCE

1. to increase the amount of capital that a company has:

• The nine airlines want $436.1 million in short-term loans to recapitalize the industry.

2. to change the way a company's capital is organized, for example by exchanging bonds for shares. This is often done after a company goes bankrupt:

• The company has been negotiating with lenders to restructure its debt and recapitalize.

— recapitalization noun [countable, uncountable] :

• Shareholders approved a recapitalization plan that will exchange about £4 million of bank debt for newly issued stock.

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recapitalize UK US (UK also recapitalise) /ˌriːˈkæpɪt^əlaɪz/ verb [I or T]

► FINANCE if a company recapitalizes or is recapitalized, it gets more capital or changes the way its capital is organized: »

Two of the country's biggest banks are being recapitalized by foreign investors, who are taking ownership shares for debt.

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It needs a cash injection of several billion guilders to recapitalize and stay in business.

recapitalization (UK also recapitalisation) noun [U]

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The airline has received European Commission approval of its recapitalization.