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But according to its filing, CVB had restructured only three loans with a total balance of $3.5 million.
Phillips said he had restructured an existing contract only once, to release outfielder Bobby Bonilla last fall.
He announced without fanfare on Tuesday that he had restructured a $4.5 billion loan from the Russian bank Sberbank, extending its repayment period.
The Philadelphia Eagles announced Thursday night that they had restructured the final two years of the contract for their five-time Pro Bowl quarterback Donovan McNabb.
On Wednesday chief executive Satya Nadella announced he had "restructured" the company's smartphone business laying off 7,800 staff and writing off $7.6bn.
Even before the financial crisis took hold, about half of all firms with at least 20 employees had restructured and the manufacturing sector had regained competitiveness lost earlier in the decade, according to a study by the Bank of Italy.
Similar(35)
I've restructured my contracts.
A lot of them have restructured.
We have restructured our intelligence department.
We've restructured the debt and paid it down.
THE American defence industry has restructured; the Europeans have merely talked about restructuring.
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