Podcast: Credit Funds: Pro Rata Sharing Provisions – Key Points for Lenders
What are they and what do they do? Over the past twelve months, lenders in the maritime transportation industry have increasingly required provisions in loan agreements (the “Russian Oil Provisions”) whereby the borrowers...more
The Main Street Lending Program has been modified by the Federal Reserve Board (Board) to provide new access to credit for nonprofit organizations such as educational institutions, hospitals, and social service organizations....more
As the COVID-19 coronavirus pandemic spreads further around the world, the full impact of the virus on businesses remains to be seen. For some industries (travel, hospitality, retail, health and leisure) the immediate loss...more