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The LIBOR Phase-Out: What Borrowers Should Know Now

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Category: Public Finance

The LIBOR Phase-Out: What Borrowers Should Know Now

By Neal R. Pandozzi on February 15, 2021

The London Interbank Offered Rate (“LIBOR”) is a benchmark interest rate index used in setting the interest rate for many… Read More

The Consolidated Appropriations Act, 2021 – Direct Aid to Education, Healthcare and Other Sectors May Indirectly Benefit State and Local Governments

By Neal R. Pandozzi on January 14, 2021

The Consolidated Appropriations Act, 2021 (the “Act”) supplements the Coronavirus Aid, Relief, and Economic Security Act of 2020 (the “CARES… Read More

Federal Reserve Announces Opening of the Nonprofit Organization New Loan Facility and Nonprofit Organization Expanded Loan Facility

By Neal R. Pandozzi on September 4, 2020

On September 4, 2020, the Federal Reserve Bank of Boston (the “Reserve Bank”) announced that the Main Street Lending Program’s… Read More

Federal Reserve Releases Amended Form Documents for Its Main Street Lending Program to Accommodate Nonprofit Lending Facilities

By Neal R. Pandozzi on August 20, 2020

On July 31, 2020, the Federal Reserve Bank of Boston (the “Reserve Bank”) released amended form documents and certifications (the… Read More

Federal Reserve Releases FAQs for Nonprofit Lending Facilities under Main Street Lending Program

By Neal R. Pandozzi on July 30, 2020

On July 23, 2020, the Board of Governors of the Federal Reserve System (the “Federal Reserve”) released Frequently Asked Questions… Read More

Federal Reserve Approves Nonprofit Organizations for Main Street Lending Program and Releases Updated Term Sheets

By Neal R. Pandozzi on July 24, 2020

On June 15, 2020, the Board of Governors of the Federal Reserve System (the “Federal Reserve”) proposed the expansion of… Read More

Federal Reserve Considers Expanding the Main Street Lending Program to Accommodate Nonprofit Organizations – Comments Welcome

By Neal R. Pandozzi on June 18, 2020

The Board of Governors of the Federal Reserve System (the “Federal Reserve”) is seeking public comment on a proposal to… Read More

Federal Reserve Opens Municipal Liquidity Facility and Releases Transaction Documents

By Neal R. Pandozzi on June 8, 2020

The Board of Governors of the Federal Reserve System (the “Federal Reserve”), through the Federal Reserve Bank of New York… Read More

Federal Reserve Opens Municipal Liquidity Facility with Release of Notice of Interest

By Neal R. Pandozzi on May 19, 2020

The Board of Governors of the Federal Reserve System (the “Federal Reserve”), through the Federal Reserve Bank of New York… Read More

Federal Reserve Releases Updated FAQs for Municipal Liquidity Facility

By Neal R. Pandozzi on May 14, 2020

The Board of Governors of the Federal Reserve System (the “Federal Reserve”), through the Federal Reserve Bank of New York… Read More

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