On January 1, 2023, InAPickle Inc. approached GMoney Bank to renegotiate the terms of their debt. InAPickle has always been an exceptional client of the bank. After discussions between the two parties, GMoney was convinced the financial troubles were temporary and therefore was willing to renegotiate the terms of the loan. GMoney extended the due date from January 1, 2023 to January 1, 2025. The principal amount of $5 million note issued at par was reduced to $4.9 million and the interest rate of 10% was reduced to 7%. The current market rate is 12%. Both parties have adopted IFRS. What type of transaction is this?