The phrase "outstanding indebtedness" refers to the total amount of money that someone or something owes, such as debt, loans, or unpaid bills that have not yet been paid back or settled. Full definition
Additionally, Parent also intends to roll over certain of the Company's current outstanding indebtedness that is not subject to acceleration upon a change of control and that either does not contain change of control repurchase obligations or where the holders do not elect to have such indebtedness repurchased in a change of control offer.» (alephblog.com)
The company intends to use the net proceeds from the offering to repay outstanding indebtedness. (rismedia.com)
-- One (1) radio station has been asked to settle its outstanding indebtedness before renewal of Authorisation is considered. (ghanapoliticsonline.com)