Strategies for Capital Structure Improvement during Financial Distress

ABC Corporation has seen a significant decline in its market share due to increased competition and changing consumer preferences. As a result, the company's earnings before interest and taxes (EBIT) have fallen dramatically. The management is considering various options to address the financial distress and stabilize the company.

In light of this situation, which of the following strategies is most likely to help the company improve its capital structure and potentially alleviate its financial distress?