Covenant Review: Coronavirus Outbreak and MAC Clauses: Post-Closing Lender Funding Obligations Under U.S. Credit Agreements

Pages from Covenant Review - Coronavirus Outbreak and MAC Clauses - Post-Closing Lender Funding Obligations Under U.S. Credit Agreements (1)

The coronavirus (COVID-19) (“Coronavirus” or “COVID-19”) pandemic has driven lenders to take a closer look at their portfolios; credits in the entertainment, events, travel, and tourism industries remain a focus. But given overall market volatility and potential for a recession, the economic fallout of the coronavirus (COVID-19) pandemic appears to be spreading to other business sectors as well.

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