Federal Reserve Revises New TALF Program Term Sheet

James Antonopoulos, Julie Gillespie, Lindsay O'Neil, Jan Stewart, Angela Ulum
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[co-author: Stuart Litwin]

The Federal Reserve issued a revised term sheet on April 9, 2020, for the Term Asset-Backed Securities Loan Facility (“TALF 2020”) that was initially announced on March 23, 2020. This Legal Update summarizes the revised terms and conditions applicable to TALF 2020 and updates a Legal Update we previously issued on March 24, 2020.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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