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
...The coronavirus (provisionally named SARS-CoV-2, with its disease being named COVID-19) has now b...
Read More >
Federal authorities are prepping to “reprimand Citigroup Inc. for failing to improve its risk-manag...
Read More >
The year 2019 brought a number of adjustments in the legal landscape for California employers – and...
Read More >
In recent times, energy efficiency has become a key priority for both public and private sector enti...
Read More >
This week, the World Health Organization upgraded the global risk of the new coronavirus (COVID-19) ...
Read More >
For law bloggers, if there’s one thing more satisfying than writing about an important new court de...
Read More >