Webinar: Understanding the Federal Reserve’s Main Street Lending Program
June 24, 2020
11 a.m. - 12 p.m.
Join Varnum's Seth Ashby to learn about the Federal Reserve's Main Street Lending Program, which was formally launched on June 15.
Following months of development and thousands of public comments, the MSLP, the Federal Reserve's most complex lending facility to date and which provides up to $600 billion in liquidity to eligible lenders, now covers a wide swath of potential borrowers with loan amounts ranging from $250,000 to $300 million. This one-hour webinar is designed for senior business, finance and legal executives of middle-market borrowers who want to gain a true understanding of the MSLP and its mechanics.
During this interactive program, you will learn about key issues for potential borrowers, including how the program is structured, borrower eligibility criteria and how to apply, as well as finer points such as:
- Loan terms, key requirements and restrictions
- Impact of existing leverage and 2019 EBITDA
- Impact on comp, dividends and stock buybacks
- Differences between the MSLP and SBA's PPP
The webinar will be held on Wednesday, June 24 at 11:00 a.m. In order to facilitate meaningful Q&A, capacity will be limited.