Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Restructuring Agreement definition

What does Restructuring Agreement mean? In practice, a restructuring agreement is a negotiated contract between a company (or group) and its key creditors and stakeholders setting out how a proposed restructuring of the business, capital structure and debts will be delivered. It is not a defined statutory term; it is a descriptive label used across UK and Irish restructuring and insolvency contexts. Typical features include: a timetable and milestones; conditions precedent; standstill and forbearance terms; voting and commitment mechanics (often via a lock-up); amendments and waivers to existing finance documents; new money provisions and related security/priority; treatment of different creditor classes; compromises and releases; intercreditor changes;...

Restructuring Support (Lock-Up and Standstill) Agreement with Interim Finance, Chief Restructuring Officer Appointment and Creditor/Director Releases

Published by a LexisNexis Restructuring & Insolvency expert

Precedents

This Agreement is dated [ insert day and month ] 20[ insert year ]

Parties

The Consenting Lenders (as set out in Schedule 1);
[ The Consenting Bondholders (as set out in Schedule 2); ]
[ insert name of Debtor company ], a company registered in [ insert country eg England and Wales ] with company number [ insert registered number ], whose Registered office is at [ insert address ];
[ The Material Companies (as set out in Schedule 3); ]

Recitals

On [ insert date ], the directors of the Company announced a proposal to restructure the claims of certain creditors of the [ Company OR Group ] following a period of financial distress.
On [ insert date ], the Company and certain creditors entered into a Standstill Agreement in connection with the proposed restructuring.
[ On [ insert date ], the Company and certain creditors agreed non-binding heads of terms for the Company's proposed restructuring. ]
This Agreement records the terms and conditions by which the Parties will implement the [ principles described in the non-binding heads of terms for the ] Restructuring...

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Web page updated on 22/05/2026

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