Keith Durkin Article Examines Revised Term Sheets for Main Street Lending Program

Partner Keith Durkin authored an article published May 19, 2020, by Law360. The article, “Main Street Lending Adjustments Mean Help for More Cos.,” discusses the revised term sheets for the Main Street Lending Program designed to provide liquidity in the financial system by facilitating loans to midsize and large businesses during the COVID-19 crisis. Durkin writes that the revision allowing adjusted EBITDA in the new term sheets is a significant benefit for many borrowers as it will likely increase borrowing bases and also allow more businesses to qualify for a loan.

Read the article (registration required).

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