Your English writing platform
Discover LudwigSuggestions(1)
Exact(8)
After a series of heated meetings over the weekend, creditors of LG Card also agreed to extend payment deadlines on LG Card's existing debt for one year.
Many companies that went bankrupt in the early 1990's simply exchanged existing debt for new debt due several years later.
Under the second bailout, banks and other private investors are to contribute about 50 billion euros ($72 billion), by swapping their existing debt for new bonds.
As part of that bailout, banks and other private investors are to contribute about $72 billion by swapping their existing debt for new bonds with later maturities.
Argentina announced a voluntary plan yesterday to swap as much as $67 billion of existing debt for new, longer-term securities that would delay millions of dollars in interest payments for the government.
The government made the most of this, swapping its existing debt for new bonds that paid rates as low as 3%.All this gave British investors the incentive and the confidence to look for more exciting opportunities.
Similar(52)
If classified as debt, Catlin would add about 20percenttoto Dynegy's existing debt of $4 billion.
It lightens the burden of existing debt both for the Treasury and for its kindred spirits, homeowners in over their heads.
To complicate matters, keep in mind that some of these fiscal flows have already been committed, for example, in terms of interest payments due on existing debt, salaries for active military personnel and Social Security payments.
A downgrade of Irish debt by Moody's, a ratings agency, added to the nervousness.Be afraid, don't panicThe prospect of Italy being sucked into a debt trap in which it has to borrow more simply to service existing debt is, for the moment, remote.
In the past, inflation has enabled the United States to reduce the burden of repaying existing debt, and China, for one, has voiced fears we will do it again.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com