The CARES Act provides for the Federal Reserve creating an SPV that will purchase participation interests in eligible term loans. On April 30, the Federal Reserve posted to its website term sheets that update the Main Street...more
On April 9, the Federal Reserve announced the general terms of the Main Street Lending Program provided for in the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) and published a term sheet for each of the...more
4/16/2020
/ CARES Act ,
Comment Period ,
Coronavirus/COVID-19 ,
Credit Facilities ,
Federal Reserve ,
Financial Stimulus ,
Main Street Lending Programs ,
Relief Measures ,
Special Purpose Vehicles ,
Term Sheets ,
U.S. Treasury