Coronavirus (COVID-19) Resource Kit: Finance


Summary

This resource kit provides an overview of practical guidance to assist finance lawyers with the legal issues emerging from the coronavirus (COVID-19) pandemic and subsequent economic downturn, along with new sources of liquidity available to struggling companies. The first section contains articles and guidance explaining the direct impact COVID has had on financings, such as new laws, regulations, and sources of public financing. The remaining guidance demonstrates the indirect impact this had on borrowers and lenders, such as an ability to meet financial covenants and a corresponding demand for covenant relief. This content is divided into two categories: (1) covenant compliance and events of default and (2) amendments and refinancing.