Though the terms business restructuring and debt restructuring may sound similar, they do not mean the same. Business restructuring can be understood as the change of strategies of the business. This can be reorganizing the structure of the business to reduce the financial crunches of the market. A restructuring exercise can also take place when a company goes through a merger or acquisition. On the other hand, debt restructuring deals with restructuring the company's financials to pay off the business's debts. This may be through securing finance through a secondary offer.