restructuring agreement
[rɪˈstrʌktʃərɪŋ əˈɡriːmənt]
nounpl: restructuring agreements
acordo de reestruturação
1. A formal legal agreement between creditors and a debtor company to modify the terms of existing debts, typically involving reduction of principal, extension of payment terms, or conversion of debt to equity
The company signed a restructuring agreement with its major creditors to avoid bankruptcy.
A empresa assinou um acordo de reestruturação com seus principais credores para evitar a falência.
2. A contractual arrangement establishing new organizational, operational, or financial terms for a business undergoing significant changes
The restructuring agreement outlined new management roles and department responsibilities.
O acordo de reestruturação delineou novos papéis gerenciais e responsabilidades departamentais.
This term is commonly used in Brazilian business and financial contexts, particularly in discussions of corporate debt management, insolvency proceedings, and financial recovery. In the USA, it is standard terminology in corporate finance, law, and banking sectors. The concept became more prevalent globally following major economic crises and is frequently referenced in merger and acquisition discussions.
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