Direct lenders are considering charging higher interest rates and fees to portfolio companies that tap emergency loans as part of the government Covid-19 bailout scheme. The UK government has broadened its rescue package enabling companies with revenues more than £45m to borrow up to £50m of state-guaranteed loans, with the final details set to emerge soon. Goodwin’s Simon Fulbrook, a partner in the firm’s Private Equity group, discusses negotiations that will happen between any new liquidity providers. Read the article in Reuters here.
In The Press April 17, 2020