15Jul
Some Strings Attached: Main Street Lending Program And Private Company M&A
The Main Street Lending Program, intended to provide credit support to small and medium sized businesses, became operational on July 6, 2020.It includes many borrower-favorable economic terms, including a 5-year term, a low interest rate (capped at LIBOR + 3%), an interest payment deferral of 1 year and a principal payment deferral of 2 years, and a generally borrower-friendly amortization schedule. However, the Main Street Lending Program possesses certain characteristics that could negatively...
By:
Sheppard Mullin Richter & Hampton LLP
Related
Medical marijuana has finally arrived. Over 53,000 Ohio residents have applied for and received medi...
Read More >
You may have seen a split-screen meme circulating on social media that appears to be a woman yelling...
Read More >
The United States Supreme Court unanimously decided last week that a plan participant who received w...
Read More >
In Vet4U, LLC v. Department of Veterans Affairs, the Civilian Board of Contract Appeals awarded cost...
Read More >
Distressed M&A may offer a silver lining for both buyers and sellers ? if you look for that break in...
Read More >
Based on a set of somewhat unusual facts, a federal district court in Ohio ruled that an employer th...
Read More >