Pages from Week_in_Review 05.01.20 - Final

This week, as expected, we were pulled back into regulatory happenings. First, on Thursday, the Fed released its updated Main Street Lending Programs; we provide a brief recap and invite members to join us for our Main Street Webinar at 11AM (ET) today. Next, we recap a timely webinar about debt buybacks in the age of COVID. (It’s just one of five April COVID webcasts.) Finally, we turn to life beyond COVID, and discuss the progress that has been made on LIBOR in recent weeks. (Yes, there has been some and, yes, the presumed cessation date remains 12/31/21.)

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LIBOR: Hardwired for Success?

On June 30th the ARRC published an updated recommendation for fallback language for syndicated loans (“the 2020 recommendation”).