COVID-19 Central Bank and Governmental Liquidity Programmes – the European Leveraged Finance Context

As much of the world’s business activity has gone into a forced shutdown, governments across the globe have stepped in to provide extraordinary economic support. This paper summarises the loan finance measures which are relevant to larger corporate borrowers and their potential relevance to leveraged credits, in some of the key European jurisdictions. Detail as to access criteria for some of these measures is still being formulated by central authorities.

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