What Are Debt Extinguishment Costs

Existing Debt Extinguishment Costs means the dollar amount required to repay, satisfy and discharge the Existing Indebtedness and pay any fees, expenses or other costs to be paid by the Company or the Company Subsidiaries in connection with the repayment in whole of the Existing Debt Extinguishment.

What does extinguishment of debt mean?

debt extinguishment. noun [ C or U ] ACCOUNTING. the fact of removing a debt from a company’s financial records because it has been paid back or no longer exists: a debt extinguishment profit/loss The conversion of the debentures to Series A Stock resulted in a debt extinguishment loss of $1,048,000.

What extinguishment means?

to put out (a fire, light, etc.); put out the flame of (something burning or lighted): to extinguish a candle. to put an end to or bring to an end; wipe out of existence; annihilate: to extinguish hope.