LSTA Webinar - Expert Q&A – Main Street Loan Program 2.0

Morgan Lewis finance partner, Matthew Schernecke appeared on the panel of The Loan Syndications and Trading Association’s (LSTA) “Expert Q&A – Main Street Loan Program 2.0.” This program was a follow up session that addressed the many questions received in response to the widely-attended May 1 “New Main Street Lending Facilities” webinar that analyzed the significant changes to the MSLP and what it could mean for the loan markets

Topics included:

• Borrower eligibility and restrictions
• Affiliation rules
• Calculation of EBITDA and debt
• Specific terms of the Main Street facilities and their interplay with existing debt
• Participation structure
• Lender issues

A replay of the webinar can be viewed on LSTA’s website.