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LIBOR Administrator Signals the Phase-Out of LIBOR to Begin in 2022

United Kingdom - November 30 2020 On November 30, 2020, the ICE Benchmark Administration Limited (IBA), the administrator of the London Interbank Offered Rate (LIBOR), announced that…

Erik J. Chamberlin, Merrick J. Benn.

Coronavirus Stimulus Legislation: A Primer on Phase 5 Negotiations (Part III)

USA - August 26 2020 This is the third alert in our four-part series on the Phase 5 coronavirus…

Erik J. Chamberlin, Howard King, Sarah J. Wilk, Stephanie Few.

Main Street Lending Program Expands (Again!)

USA - June 10 2020 Less than two weeks after releasing additional details and Frequently Asked Questions surrounding the $600 billion Main Street Lending Program (MSLP)…

Erik J. Chamberlin, Howard King, Scott A. Schaaf, Stephanie Few.

Main Street Lending Program Set to Launch - Additional Terms and Guidance Released

USA - June 2 2020 On May 27, 2020, the Federal Reserve Board, through the Federal Reserve Bank of Boston, released additional details for lenders and borrowers…

Erik J. Chamberlin, Howard King, Scott A. Schaaf, Stephanie Few.

Update to Main Street Lending Program Federal Reserve Announces Revised Terms & FAQs

USA - May 4 2020 On April 30, 2020, the Board of Governors of the Federal Reserve (Federal Reserve) announced revised terms for its $600 billion Main Street Lending…

Erik J. Chamberlin, Howard King, Sarah J. Wilk, Scott A. Schaaf, Stephanie Few.