On November 30, 2020, the ICE Benchmark Administration Limited (IBA), the administrator of the London Interbank Offered Rate (LIBOR), announced that it would consult on its plan to cease the publication of one-week and...more
Less than two weeks after releasing additional details and Frequently Asked Questions surrounding the $600 billion Main Street Lending Program (MSLP), on June 8, 2020 the Board of Governors of the Federal Reserve (Federal...more
6/11/2020
/ Board of Governors ,
CARES Act ,
Coronavirus/COVID-19 ,
EBITDA ,
Federal Reserve ,
Main Street Lending Programs ,
Main Street New Loan Facility ,
Private Equity ,
Risk Retention ,
Small Business Loans ,
Term Sheets ,
Venture Capital
On April 30, 2020, the Board of Governors of the Federal Reserve (Federal Reserve) announced revised terms for its $600 billion Main Street Lending Program. These include a third financing facility titled the Main Street...more
Key Takeaways:
- A number of concerns about the Federal Reserve’s Main Street Lending Program have been raised by market participants, including:
- lack of flexibility to negotiate tailored loan terms
-...more