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Kleinberg Kaplan Partner Jared R. Gianatasio Quoted in Debtwire

Kleinberg Kaplan Partner Jared R. Gianatasio discussed the Federal Reserve’s new Term Asset-Backed Securities Loan Facility (“TALF”)  in an interview with Debtwire. Jared shares his thoughts on possible further updates to the program that investors should monitor as TALF moves towards implementation. Read the full article, “TALF funding expected to flow by mid/late May; further expansion…

Firm News | April 16, 2020 | Special Situations and Credit | Private Capital

Fed Updates Terms of TALF 2.0

On April 9, 2020, the Federal Reserve Board (the “Fed”) updated its term sheet of the Term Asset-Backed Loan Facility (“TALF 2.0”) that it authorized on March 23, 2020. The key changes include: updates to the definition of eligible borrower, additions to the types of eligible collateral, changes to loan pricing, and the release of…

Client Alerts | April 10, 2020 | Special Situations and Credit | Private Capital

TALF 2.0: Fed Revives Term Asset-Backed Loan Facility

On March 23, 2020, the Federal Reserve Board (the “Fed”) authorized the revival of its Term Asset-Backed Loan Facility (“TALF 2.0”) previously established following the 2008 financial crisis. TALF 2.0 is a credit facility intended to support the asset-backed securities (“ABS”) markets for consumers and businesses by creating a new source of stable funding for investors…

Client Alerts | April 1, 2020 | Special Situations and Credit | Private Equity Funds