A change in the capitalization structure (equity-vs-debt, etc.) of a company.
In corporate finance, a leveraged recapitalization is a change of the capital structure of a company, a substitution of equity for debt —e.g. by issuing bonds to raise money, and using that money to buy the company's stock or to pay dividends. Such a maneuver is called a leveraged buyout (LBO) when initiated by an outside party, or a leveraged recapitalization when initiated by the company itself for internal reasons. These types of recapitalization can be minor adjustments to the capital structure of the company, or can be large changes involving a change in the power structure as well. http://en.wikipedia.org/wiki/Leveraged_recapitalization
I took a "stubs" class during my MBA.
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