Given the volatile economic environment caused by the COVID-19 pandemic, business development companies (“BDCs”) need to proactively manage their loan portfolio companies to mitigate risk and avoid surprises that may arise in...more
5/29/2020
/ Business Development Companies ,
Business Strategies ,
Coronavirus/COVID-19 ,
Default ,
Liens ,
Liquidity ,
Loans ,
Material Adverse Change Clauses (MACs) ,
Mezzanine Lenders ,
Portfolio Companies ,
Risk Mitigation ,
Unsecured Debt ,
Workout Agreements
As a follow up to our OnPoint from last week, Mezzanine Foreclosures in the Time of Coronavirus, regarding a New York County Supreme Court’s halting of a mezzanine UCC foreclosure sale, here is our promised update. ...more
5/14/2020
/ Borrowers ,
Default ,
Equity Transactions ,
Executive Orders ,
Foreclosure ,
Governor Cuomo ,
Lenders ,
Mezzanine Lenders ,
Moratorium ,
Sale of Assets ,
Uniform Commercial Code (UCC)