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The CARES Act and CLOs

On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act, or the CARES Act, was signed into law.  Among other things, Section 4003 of the CARES Act authorizes $500 billion of liquidity to support businesses,...more

Legal Update on Section 4003 of the CARES Act – Liquidity for Eligible Businesses, States, and Municipalities

The Coronavirus Aid, Relief, and Economic Security Act, or the CARES Act, was signed into law by President Trump on March 27, 2020. A central element of the new law is the authorization of the Secretary of the Treasury, under...more

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