Automatic transformation of a sequential program into a parallel form is a subject that presents a great intellectual challenge and promises a great practical reward. There is a tremendous investment in existing sequential programs, and scientists and engineers continue to write their application programs in sequential languages (primarily in Fortran). The demand for higher speedups increases. The job of a restructuring compiler is to discover the dependence structure and the characteristics of the given machine. Much attention has been focused on the Fortran loop. This is where one expects to find major chunks of computation that need to be performed repeatedly for different values of the index variable. Many loop transformations have been designed over the years, and several of them can be found in any parallelizing compiler currently in use in industry or at a university research facility. The book series, "Loop Transformations for Restructuring Compilers", provides a rigorous theory of loop transformations and dependence analysis. The aim is to develop the transformations in a consistent mathematical framework using objects like directed graphs, matrices and linear equations. Then, the algorithms that implement the transformations can be precisely described in terms of certain abstract mathematical algorithms. The first volume, "Loop Transformations for Restructuring Compilers: The Foundations", provided the general mathematical background needed for loop transformations (including those basic mathematical algorithms), discussed data dependence and introduced the major transformations. The current volume, "Loop Parallelization", builds a detailed theory of iteration-level loop transformations based on the material developed in the previous book.