Use this button to switch between dark and light mode.

Your Borrower is About to Default. What’s Next?

October 31, 2023 (2 min read)

Review this resource kit to make sure you are up to speed on the types of defaults, the standard grace periods to correct a default, and the materiality thresholds to trigger a default. These provisions can vary depending on the size, industry, and circumstances of the borrower.

Read now »

Related Content

  • Borrower Default and Lender Next Steps
    Read this practice note for a guideline of actions that lenders may take following, and sometimes prior to, a default or an event of default under a credit agreement by a borrower.

Practical Guidance Updates
Featuring the latest updates from your Practical Guidance account.

  • Read the new edition of the Practical Guidance Journal featuring guidance for borrowers and sponsors entering into private credit loans with non-bank lenders. Also learn about sustainability-linked bonds and loans through a new video series.


Experience results today with practical guidance, legal research, and data-driven insights—all in one place.

Experience Lexis+