In The Press April 17, 2020

Direct Lenders Mull Price Hike If Borrowers Tap Govt Funding (Reuters)

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.