The outbreak of the 2019 novel coronavirus disease (COVID-19) is significantly impacting the capital markets, including decreasing prices for debt securities. This has created opportunities for issuers to restructure their debt on more attractive terms through debt buybacks or similar transactions. This Article reviews restructuring options including cash tender offers, exchange offers, open market purchases, privately negotiated purchases, and reliance on indenture covenants. It also discusses key considerations for issuers thinking about restructuring their outstanding debt securities.