A Workout Agreement is an agreement between a borrower and its creditors to restructure or modify debt terms outside of formal bankruptcy, often involving covenant relief, maturity extensions, forbearance, or revised repayment schedules. In distressed situations, a Workout Agreement can preserve value by avoiding insolvency proceedings, and Workout Agreement terms often include enhanced reporting, fees, and additional collateral or guarantees.
Ryan RobertsStartup Lawyer
Ryan Roberts is a startup lawyer with more than two decades of experience advising on venture financings and M&A transactions totaling more than $1 billion. He is the author of the Amazon bestselling startup law book Acceleration.
