Borrower Strategies for Dealing with Increased Interest Rates | Practical Law
This Practice Note considers strategies that businesses and their lenders may explore to soften the impact of high interest rates and spiraling debt service costs that exceed a borrower's expectations and business projections. This Note focuses on loan agreement provisions that are directly impacted by increased interest rates, as well as the effect on other loan agreement provisions of efforts by a borrower to reduce its debt service costs.