19 May 2020

Strings attached? Changes to the UK Government’s CCFF and CLBIL schemes to support large businesses

This morning (19/5/2020) HM Treasury announced some important changes to the Covid Corporate Financing Facility (CCFF) and the Coronavirus Large Business Interruption Loan Scheme (CLBILS). 

In this briefing we summarise the headline changes which include new requirements that issuers suspend dividends and restrict senior pay.

 

This material is provided for general information only. It does not constitute legal or other professional advice.

Contact Information
Matthew Tobin
Partner at Slaughter and May
Philip Snell
Partner at Slaughter and May