restructure

Etymology

re- + structure

verb

  1. To change the organization of.
  2. (finance) To modify the terms of a loan, providing relief to a debtor who would otherwise be forced to default.
    Valencia were in crisis, a club with two stadiums – one they could not sell and one that they could not afford to finish building – and a debt of €230m, the repayment of which was restructured. January 18, 2017, Sid Lowe, “Chaos at Mestalla: Valencia's journey from Champions League to utter disarray”, in the Guardian

noun

  1. A reorganization.
    We found this in the 1990s when organisations went through some fairly severe restructures. March 24, 2009, Liam Walsh, “Suncorp remodel job risk”, in Herald Sun

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