News & Analysis as of

Debt Instruments Relief Measures

Pillsbury Winthrop Shaw Pittman LLP

Federal Reserve Expands Size and Scope of Primary Market Corporate Credit Facilities (PMCCF) and the Secondary Market Corporate...

Additional corporate credit facilities under the CARES Act for corporate debt and corporate bonds issued by eligible issuers. Treasury will provide $75 billion in equity to the PMCCF and SMCCF. ...more

Orrick, Herrington & Sutcliffe LLP

Waivers, Deferrals and Changes to Tax-Exempt Bonds During COVID-19

Given the economic impact of COVID-19 and the ongoing uncertainty of how long it will last, borrowers of tax-exempt bond proceeds may find themselves in the position of requesting their lenders to temporarily waive certain...more

Orrick, Herrington & Sutcliffe LLP

Will COVID-19 Lead to Global Forbearance In Credit Markets? Reflections from Orrickā€™s Finance Sector Leader

The global market for credit is estimated to be more than $200 trillion, approximately three times larger in aggregate than the global equity market. It consists of bank loans, sovereign and sub-sovereign debt, corporate...more

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