Pages from Main Street Lending Program 3.0 (June 1, 2020)

On May 27th, the Federal Reserve Bank of Boston released further information about the Main Street Lending Program which is designed to support lending to small and medium-sized businesses that were in sound financial condition before the onset of the COVID-19 pandemic.

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Main-Street-Lending-Program-3.0-June-1-2020.pdf

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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”).