31.   If more companies are able to refinance their debts, it would be less likely that many investors would seek the protection provided by the swap.

32.   If those trends continue, some companies that assumed they could refinance debt when it came due will find that they cannot.

33.   In addition to any new bonds, the government will be required to issue a staggering amount in bonds to refinance existing debt.

34.   In those states, utilities will be allowed to refinance their debt at lower rates because state agencies will guarantee that revenue from transmission will repay them.

35.   Interest rate rose almost one percentage point this year, making it more expensive for state and local issuers to borrow and refinance existing debt.

36.   Issuance dropped this year in part because rates have been too high to prompt municipalities to refinance their debt and many have already refunded their debt.

37.   Issuers can use forward agreements to refinance outstanding debt at current interest rates.

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

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

40.   It would also use a portion of the money to refinance Conrail debt.