On April 30, 2020, the Federal Reserve Board announced that it is expanding the scope of its new lending program geared towards small to mid-size companies, entitled the Main Street Lending Program. In addition to updating the previously announced Main Street New Loan Facility and Main Street Expanded Loan Facility, the Board created a third option, the Main Street Priority Loan Facility. The details of each facility are published in the form of three term sheets and are described in this Alert. The Alert can be found here.
Client Alert: Federal Reserve Board Expands the Main Street Lending Program – May 4, 2020
