21.   It has been making progress, selling assets and using proceeds to buy back debt and refinancing existing debt.

22.   It is used by participating teams, in part, to refinance existing debt.

23.   It means the Treasury will likely issue fewer securities, lifting the value of existing debt.

24.   It was a deal, Rick Chang says, that allowed the couple to pay off much of their existing debt at a discount and thereby avoid likely foreclosure.

25.   It said most vendors had renegotiated its existing debt and were still shipping, though on shorter terms.

26.   It means persuading foreign holders of existing Russian debt that they will not again be hammered.

27.   Large enough loans could be obtained to pay off existing debt, make repairs and reduce interest rates by several percentage points.

28.   Lower rates also reduce the cost of carrying existing debt.

29.   Morrison Knudsen Corp. said it started preliminary negotiations with its creditors and proposed exchanging its existing secured debt for equity in the company.