Fed expands Main Street direct lending scheme but it's unlikely to help CLOs

By Michelle D'Souza

The US Federal Reserve Board has expanded the scope of its Main Street Lending Programme following more than 2,200 letters of feedback. Under the third loan facility, lenders will hold 15% of the loan to borrowers with greater leverage

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TAGS: Direct lending Regulation North America Coronavirus crisis 2020

Comment by: Anonymous. Posted 2 months ago [2020-05-01 18:57:17]

Do you have an estimate of how the changes to the programme might increase the number of borrowers and/or the volume of par that are now eligible to participate?