October 2020 There are three ways of handling ESOP repurchase obligation: recycling, redeeming, and releveraging. Managing Director Tim Cleary compares and contrasts the three methods and addresses the circumstances under which releveraging may be a viable strategy. This content is featured as a chapter in the fifth edition of the National Center for Employee Ownership's ESOP Repurchase Obligation Handbook. The full digital publication is available for purchase from NCEO here. >> Read Should You Releverage Your ESOP?