About

David McClellan is an associate in the Corporate Law Department and a member of the Capital Markets Group. Prior to joining Proskauer, David interned at…

David McClellan is an associate in the Corporate Law Department and a member of the Capital Markets Group. Prior to joining Proskauer, David interned at the Federal Labor Relations Authority in Washington D.C., where he contributed to the resolution of public sector union complaints and workplace disputes.

David earned his J.D. from the University of Virginia School of Law, where he was a business editor of the Virginia Journal of International Law and an officer of Rivanna Investments Club.

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Originally published on May 4, 2020. Last updated as of November 23, 2020. The Federal Reserve Bank of Boston recently published updated Frequently Asked Questions for the Main Street Lending Program’s Business and Nonprofit Facilities to (1) provide guidance on the process for requesting certain modifications to loans made under the Business and Nonprofit Facilities, (2) clarify limits on restructuring underlying loan facilities before utilizing the Business and Nonprofit Facilities and (3) clarify the circumstances under which an underlying credit facility can be upsized and expanded to multiple co-borrowers under the Business and Nonprofit Facilities. This client alert describes the…

About

David McClellan is an associate in the Corporate Law Department and a member of the Capital Markets Group. Prior to joining Proskauer, David interned at…

David McClellan is an associate in the Corporate Law Department and a member of the Capital Markets Group. Prior to joining Proskauer, David interned at the Federal Labor Relations Authority in Washington D.C., where he contributed to the resolution of public sector union complaints and workplace disputes.

David earned his J.D. from the University of Virginia School of Law, where he was a business editor of the Virginia Journal of International Law and an officer of Rivanna Investments Club.