Strafford-CARES Act Main Street Lending Program: Loan Parameters, Borrower and Lender Eligibility, Post-Closing Restrictions

19 May 2020

Foley’s Jamie Class, Heidi Furlong and Justin Lauria-Banta will present a comprehensive program on the CARES Act Main Street Lending Program.

This CLE webinar will analyze the lending parameters and structural features of the Main Street Lending Program established under the CARES Act. The panel discussion will include loan terms, borrower and lender eligibility, and stock buyback and executive comp restrictions placed on participating borrowers, as well as practical considerations.
The panel will review these and other key issues:

What are the differences in deal terms between the Main Street New Loan Facility and the Main Street Expanded Loan Facility?
How does the SPV fund its participation in Main Street Loans?
How are lenders restricted in their use of funds under the new program?
What are the eligibility requirements for borrowers? Can they participate in other CARES Act programs?

Visit Strafford’s website for more information and to register.

Authors