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
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 May 4, 2020, North Carolina Governor Roy Cooper signed into law two bills providing important COVID-19 relief to North Carolinians, after the North Carolina General Assembly passed the bills unanimously. The relief package...more
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
Amending the Practice of Law -
On Thursday the Senate Judiciary I committee approved a bill that amends Chapter 84-2.1 regarding the practive of law. Chairman Goolsby proposed the new language which creates a safe...more