Finance

With its hands-on approach and financial firepower, private equity may just be what’s needed to help reshape post-pandemic economies.

While it is still uncertain how long-term some of the pandemic’s effects will be, it is clear that companies need to build resilience if they are to survive or even thrive through whatever unexpected events the

Originally published June 10, 2020.  Last updated on November 3, 2020.

On October 22, 2020, the Federal Reserve Bank of New York (“New York Fed”) released an amended form of Master Loan and Security Agreement (the “MLSA”), which governs loans issued under its Term Asset-Backed Loan Facility (“TALF”).  The amendments will be effective as of

In response to the COVID-19 epidemic, the U.S. government has provided relief to companies through various grant programs.  The receipt of these grant proceeds represents a meaningful lifeline to many companies and the revenue provided by these grants can have a significant impact on their accounting statements (including GAAP and non-GAAP financial calculations).  Similarly, such

For many sponsor-backed and other highly leveraged private companies, the business impact of COVID-19 is just beginning to apply pressure to financial covenant compliance.  As borrowers and private credit (or other) lenders think through options on how best to address pending or anticipated defaults, structured preferred equity should be considered as a versatile tool in

Since the enactment of the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) on March 27, 2020, millions of businesses have applied for and received a Paycheck Protection Program (the “PPP”) loan from the U.S. Small Business Administration (the “SBA”) (for the current terms, laws and rules governing the PPP see our client