Dr. Harmer is an associate in Davis Polk's Corporate Department, practicing in the London office. [Full Bio]

Following our initial post on the Bank of England’s (the “Bank”) Covid Corporate Financing Facility (“CCFF”), the Bank has published further details, including full terms and conditions of participation and application forms for prospective issuers and banks acting on behalf of companies.

If, after speaking with their respective banks, prospective
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The Bank of England has emphasized that the economic shock from coronavirus (COVID-19) will pose a challenge for the maintenance of liquidity and working capital by UK companies.  With the objective of easing the cashflow difficulties likely to be widely faced by the UK corporate sector in the coming months,
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