Involves raising new money to repay existing debt. Itis something borrowers do all the time, and should not be confusedwith debt restructuring, a more fundamental process in which aborrower changes the structure of its debts (this usually happenswhen a borrower gets into trouble, and involves a reorganisation of itsliabilities, for instance by converting debt into equity). Debtrescheduling refers to a delay in the repayment of a debt, usuallyapplying to both interest and principal payments, and can involve arenegotiation of the terms of the debt.