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

Subscriber-only article

This article is available only to Creditflux subscribers and free trial users within 30 days of publication.

Already a subscriber? Not logged in? Click here to login.

If you have not already done so,
you may request a FREE TRIAL by clicking here

This trial will give you:
  • 4-weeks' free online access to our
    most recent subscriber-only articles
  • Daily breaking news alert sent by email
  • A print copy of Creditflux

If you currently have a free trial, you will see this message when you try to view articles older than 30 days.

TAGS: Direct lending Regulation North America Coronavirus crisis 2020

Comment by: Anonymous. Posted 2 years 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?