On May 12th, the Federal Reserve released its revised TALF Term Sheet and, more importantly, its FAQs. The revised TALF works better for CLOs, but a number of hurdles remain. We discuss both TALF’s improvements as well as its continuing challenges for CLOs. Presented by Meredith Coffey, LSTA, Andrew Gordon, Octagon Credit Investors, Tom Majewski,...
On April 9, 2020, the Federal Reserve took additional actions to provide up to $2.3 trillion in loans to support the economy. The programs include an unsecured “Main Street New Loan Facility”, a secured “Main Street Expanded Loan Facility” and an expanded TALF program that now includes AAA tranches of new CLOs....
