Morgan Lewis

Report

Navigating PPP Loans in M&A Transactions

June 2020 (Updated October 6, 2020)
Authors
Andrew T. Budreika, Andrew P. Rocks, Benjamin W. Stango, Eric Tajcher, Robert W. Dickey, Crystal Fang, Julia Frost-Davies, Sandra J. Vrejan, Steven L. Miller, Sheila A. Armstrong

The Paycheck Protection Program and other government loan programs implemented in response to the coronavirus (COVID-19) pandemic have a variety of implications on pending and potential M&A transactions. This White Paper provides an overview of considerations that stakeholders in a transaction should consider in structuring, negotiating, and executing a deal involving a PPP loan.

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