News & Analysis as of

SPVs Main Street Lending Programs

McCarter & English, LLP

Act Now Or Be Exiled From Main Street

McCarter & English, LLP on

The window for the Main Street Loan Program (“Main Street Program”), designed to provide loans with favorable terms to midsize companies to help address the economic fallout caused by the pandemic, is closing on December 31,...more

Adler Pollock & Sheehan P.C.

Federal Reserve Announces Opening Of The Nonprofit Organization New Loan Facility And Nonprofit Organization Expanded Loan...

On September 4, 2020, the Federal Reserve Bank of Boston (the “Reserve Bank”) announced that the Main Street Lending Program’s Nonprofit Organization New Loan Facility (the “NONLF”) and Nonprofit Organization Expanded Loan...more

Adler Pollock & Sheehan P.C.

Federal Reserve Releases Amended Form Documents For Its Main Street Lending Program To Accommodate Nonprofit Lending Facilities

On July 31, 2020, the Federal Reserve Bank of Boston (the “Reserve Bank”) released amended form documents and certifications (the “Form Documents”) for the Main Street Lending Program (the “Program”) to accommodate the...more

Adler Pollock & Sheehan P.C.

Federal Reserve Approves Nonprofit Organizations For Main Street Lending Program And Releases Updated Term Sheets

On June 15, 2020, the Board of Governors of the Federal Reserve System (the “Federal Reserve”) proposed the expansion of its Main Street Lending Program (the “Program”), which was originally established to support lending to...more

Sheppard Mullin Richter & Hampton LLP

Interplay of Main Street Lending Program Documents (the Rights and Role of the Main Street SPV)

The $600 billion Main Street Loan program has been highly anticipated to provide financial support in the form of loans to small and medium-sized U.S. businesses affected by the COVID-19 pandemic. The Federal Reserve Bank of...more

Adler Pollock & Sheehan P.C.

Federal Reserve Considers Expanding The Main Street Lending Program To Accommodate Nonprofit Organizations – Comments Welcome

The Board of Governors of the Federal Reserve System (the “Federal Reserve”) is seeking public comment on a proposal to expand the availability of its existing Main Street Lending Program (the “Program”) to nonprofit...more

Seyfarth Shaw LLP

Main Street Lending Program Update: Federal Reserve Bank of Boston Releases Further Revised Main Street Loan Term Sheets and...

Seyfarth Shaw LLP on

As the Federal Reserve (the “Fed”) prepares to launch its Main Street Lending Program (the “Main Street Program”), it continues to refine program details and guidance, including based on feedback received from US banks and...more

Tarter Krinsky & Drogin LLP

Federal Reserve Advances Towards Launching Main Street Lending Program

The Federal Reserve recently announced that the Federal Reserve Bank of Boston has set up the special purpose vehicle (SPV) to purchase participations in loans originated by eligible lenders under the Main Street Lending...more

Vedder Price

Key Takeaways on Updated Main Street Lending Program Materials

Vedder Price on

On May 27, 2020, the Federal Reserve Bank of Boston released updated Frequently Asked Questions (FAQs) and certain operational documents with respect to the Main Street Lending Program. The additional materials provide...more

Morrison & Foerster LLP

Federal Reserve Updates Key Features Of The Main Street Lending Program

On April 30, 2020, the Board of Governors of the Federal Reserve System (“FRB”) announced an expansion of the Main Street Lending Program (“MSLP”) and clarified certain aspects of the program through publication of a list of...more

Bradley Arant Boult Cummings LLP

Federal Reserve Expands Scope of Main Street Lending Program and Announces New Details

On April 30, the Federal Reserve announced substantial changes to the initial terms of its Main Street Lending Program originally released on April 9, 2020: After receiving over 2,200 comment letters and consulting with...more

Bass, Berry & Sims PLC

Main Street Lending Program 2.0 Expands Loan Options for Small and Mid-Sized Businesses, but Practical Accessibility of Program to...

On April 9, the U.S. Treasury Department (Treasury) and Federal Reserve released initial details regarding the establishment of the Main Street Business Lending Program (Main Street Program) to provide up to $600 billion in...more

Pillsbury Winthrop Shaw Pittman LLP

Federal Reserve Expands Scope and Eligibility for Main Street Lending Program

In response to public input, loan options under the Main Street Lending Program have increased and eligible businesses expanded. The pool of businesses eligible to borrow has been expanded....more

Tarter Krinsky & Drogin LLP

Revisions Announced To Main Street Lending Program

The U.S. Federal Reserve (Federal Reserve) announced revisions to the Main Street Lending Program (Program) to facilitate lending to small and medium-sized businesses by eligible lenders...more

Winstead PC

Main Street Lending Program - Three Facility Summary - CARES Act

Winstead PC on

The CARES Act provides for the Federal Reserve creating an SPV that will purchase participation interests in eligible term loans. On April 30, the Federal Reserve posted to its website term sheets that update the Main Street...more

Latham & Watkins LLP

Federal Reserve Provides Additional Resources for Financial Markets Participants

Latham & Watkins LLP on

Further economic measures provide support for small and mid-sized businesses, as well as state and local economies facing pandemic hardships. The Federal Reserve, in its continuing efforts to safeguard financial markets,...more

16 Results
 / 
View per page
Page: of 1

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
- hide
- hide