Description
Understand key transaction structure and timing considerations associated with an MA transaction when there has been an accepted PPP loan.Since a large number of companies have applied for and received Paycheck Protection Program (PPP) loans during the COVID19 crisis, many MA transactions undertaken in 2021 will involve a target with an outstanding or recently forgiven PPP loan. A PPP loan raises a number of issues for consideration in an MA transaction, ranging from transaction structure and timing considerations to specific topics for due diligence, new purchase price points to be negotiated, and the impact of key provisions of the purchase agreement. This material will provide MA participants with background on the PPP program, an understanding of the key timing, consent, and transaction structure considerations raised by PPP loans, and the knowledge to issue spot and negotiate new purchase agreement points.
Date: 2021-04-22 Start Time: End Time:
Learning Objectives