On Thursday April 16, Sheppard Mullin submitted comments to the Federal Reserve about its terms sheets for the $600 Billion Main Street Loan Program. These comments raise and explore numerous important questions that the Fed and Treasury will necessarily need to grapple with to make the Main Street programs successful. We believe that these comments together with our comparative chart of the two Main Street loans being offered will help readers gain an initial understanding of how the Main Street Loan Program may work with companies’ existing debt and operations. We will provide updates when new information is released about the Main Street program.
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Michael Ragan
Michael A. Ragan is an associate in the Corporate and Securities in the firm's Washington, D.C. office.
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UPDATED: Checklist for CARES Act Assistance to Companies
Posted in Coronavirus
As companies continue to review the CARES Act to determine what assistance may be available to them, we have updated our user-friendly checklist to assist them in getting a quick sense of what works for them.
Continue Reading UPDATED: Checklist for CARES Act Assistance to Companies