On March 15, 2022, President Biden signed the Consolidated Appropriations Act of 2022 into law, which includes the Adjustable Interest Rate (LIBOR) Act. This legislation establishes a uniform benchmark replacement process for...more
Learn the basics for structuring and financing your cannabis business and managing supply chain issues as you grow.
Topics include:
- M&A, equity raising - Hot topics when selling or seeking equity financing for a...more
9/29/2021
/ Acquisitions ,
Cannabis-Related Businesses (CRBs) ,
Capital Raising ,
Continuing Legal Education ,
Equity Financing ,
Financial Transactions ,
Lenders ,
Mergers ,
SAFE Act ,
Supply Chain ,
Venture Funding ,
Webinars
On July 29, 2021, the Alternative Reference Rates Committee (ARRC) of the Federal Reserve formally announced and recommended CME Group’s forward-looking Term Secured Overnight Financing Rate (Term SOFR) rates, marking the...more
On July 9, 2021, President Biden signed the wide-ranging Executive Order on Promoting Competition in the American Economy, aimed at increasing competition in all sectors of the American economy, including banking and consumer...more
7/19/2021
/ Banking Sector ,
Biden Administration ,
Competition ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Department of Justice (DOJ) ,
Dodd-Frank ,
Executive Orders ,
FDIC ,
OCC ,
Regulatory Oversight
On November 30, 2020, the ICE Benchmark Administration Limited (IBA), the administrator of the London Interbank Offered Rate (LIBOR), announced that it would consult on its plan to cease the publication of one-week and...more
Less than two weeks after releasing additional details and Frequently Asked Questions surrounding the $600 billion Main Street Lending Program (MSLP), on June 8, 2020 the Board of Governors of the Federal Reserve (Federal...more
6/11/2020
/ Board of Governors ,
CARES Act ,
Coronavirus/COVID-19 ,
EBITDA ,
Federal Reserve ,
Main Street Lending Programs ,
Main Street New Loan Facility ,
Private Equity ,
Risk Retention ,
Small Business Loans ,
Term Sheets ,
Venture Capital
On May 27, 2020, the Federal Reserve Board, through the Federal Reserve Bank of Boston, released additional details for lenders and borrowers interested in participating in the $600 billion Main Street Lending Program (MSLP)....more
6/3/2020
/ Borrowers ,
CARES Act ,
Certification Requirements ,
EBITDA ,
Eligibility ,
Lenders ,
Main Street Lending Programs ,
Main Street New Loan Facility ,
Paycheck Protection Program (PPP) ,
Popular ,
Reporting Requirements ,
Small Business Loans
On April 30, 2020, the Board of Governors of the Federal Reserve (Federal Reserve) announced revised terms for its $600 billion Main Street Lending Program. These include a third financing facility titled the Main Street...more
Key Takeaways:
- A number of concerns about the Federal Reserve’s Main Street Lending Program have been raised by market participants, including:
- lack of flexibility to negotiate tailored loan terms
-...more
The COVID-19 pandemic has wreaked havoc on financial markets and businesses around the world. In a time of social distancing, constrained supply chains, depressed demand in almost all sectors of the economy, and tightening of...more
1. What is LIBOR and why is it going away?
The London Interbank Offered Rate, or “LIBOR,” is a reference rate commonly used in a broad range of financial contracts. In fact, it serves as a reference rate for tens of...more
3/12/2020
/ Alternative Reference Rates Committee (ARRC) ,
Derivatives ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Financial Markets ,
Financial Services Industry ,
ISDA ,
Libor ,
Market Participants ,
Risk Free Rates (RFRs) ,
Secured Overnight Funding Rate (SOFR)