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Refinancing bank debt

What is Refinancing bank debt?

Jolie Pham avatar
Written by Jolie Pham
Updated over 10 months ago

Refinancing bank debt involves replacing an existing loan with a new one, typically to secure more favorable terms such as a lower interest rate, extended repayment period, or improved payment structure. This process is commonly used by businesses to enhance cash flow, reduce monthly payments, reduce a company’s level of gearing and manage debt more effectively.

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