Although there may be differing views as to whether the U.S. economy is heading into some form of market correction, many would argue that certain warning signs have appeared that would suggest the possibility of an economic downturn. High inflation rates, an expectation of continued interest rate increases, the stubborn longevity of the uncertainties around COVID and ongoing dislocations in the supply chain (amongst other things, not least of which is the disruption caused by the current situation in Ukraine) are all factors which would give most investors and lenders a reason for pause. Some might even suggest that it is more likely than not that some borrowers (or some borrowers in certain sectors of the economy) will at least be contemplating a pre-distressed or distressed scenario in the foreseeable future.