The macro-economic landscape of recent years, marked by rising interest rates and inflationary pressures, has significantly escalated borrowing costs in the European mid-market. This has prompted borrowers to explore...more
Borrowers and lenders alike may be forgiven for running out of steam when, having negotiated ever more complex commercial grids, term sheets and loan agreements, one reaches the final line item – the governing law of the loan...more
Senior secured creditors, being the anchor creditor in the capital stack, will always be focused on ensuring their priority claim is as robust as possible, with clearly delineated capacity for 'super priority' debt. However,...more
For further information, please visit the White & Case Coronavirus Resource Center. On 2 April, the Chancellor of the Exchequer announced a scheme aimed at providing support to the so-called "squeezed middle", which comprises...more
While the UK Government, for the most part, has been praised for taking quick, decisive action to limit the impact of the COVID 19 economic shock for consumers and some UK companies, the measures announced to date excluded a...more
In our client alert entitled "Government-backed initiatives to support businesses impacted by the Coronavirus" we gave an overview of various measures announced by the UK Government to help UK business through the economic...more
3/27/2020
/ Bank of England ,
Coronavirus/COVID-19 ,
Covid Commercial Financing Facility ( CCFF) ,
Financial Distress ,
HM Treasury ,
Loan Agreements ,
Loans ,
Promissory Notes ,
Relief Measures ,
State of Emergency ,
UK
In our client alert titled "Government-backed initiatives to support businesses impacted by the Coronavirus," we gave an overview of various measures announced by the UK Government to help UK business through the economic...more
The UK Government has been quick to respond to the economic shock and disruption caused by the outbreak of COVID-19 and, over the past week, the Chancellor of the Exchequer, HM Treasury and the Bank of England have announced...more
3/24/2020
/ Bank of England ,
Borrowers ,
Business Interruption ,
Coronavirus/COVID-19 ,
Corporate Issuers ,
EU ,
Financial Crisis ,
Government-Guaranteed Loans ,
HM Treasury ,
Industrial Sector ,
Relief Measures ,
State Aid ,
UK