April 30, 2020 - The LSTA today commented on the announcement by the Federal Reserve to expand the scope and eligibility for the Main Street Lending Program (“MSLP”).
Lee Shaiman, the executive director of the LSTA said, “The LSTA recognizes the enormity of the ongoing task by the Federal Reserve to quickly and equitably roll out the emergency assistance programs as part of the MSLP facilities. We were pleased to see that many of the commenters’ suggestions communicated to the Fed have been incorporated, and the Main Street Expanded Loan Facility may reach many more borrowers that need additional financing. We continue to review the programs and offer refinements so that they can address the broadest group of companies that need them.”
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