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- Carter Ledyard Assists New York Cruise Lines, Owner of Circle Line, in Obtaining a Last Minute $46 Million “Main Street Loan” Under Federal COVID Relief Legislation
Carter Ledyard Assists New York Cruise Lines, Owner of Circle Line, in Obtaining a Last Minute $46 Million “Main Street Loan” Under Federal COVID Relief Legislation
Long time Carter Ledyard client New York Cruise Lines was successful in obtaining a $46 Million loan through Signature Bank from the Federal Reserve’s “Main Street Lending Program” under the COVID relief CARES Act legislation. The loan, secured by New York Cruise Lines’ fleet, including Circle Line’s iconic sightseeing vessels and New York Water Taxi’s transportation vessels, was completed in less than three weeks in order to close and fund the loan before the Main Street Lending Program was terminated by the federal government.
Carter Ledyard litigation partner Gary Sesser, corporate partners Steven Paul McSloy and Austin D. Keyes and real estate counsel Rocco Sainato handled this transaction for New York Cruise Lines, with assistance from corporate associate Brielle Kilmartin. Tax partner Jennifer MacDonald and benefits counsel Patricia Matzye also assisted with the transaction.
Carter Ledyard is pleased to announce the elections of Jennifer MacDonald to partner and Preston Demouchet, Rocco Sainato, Jeremy Steckel and Madelyn White to counsel, effective January 1, 2021.
Alex co-presented “Hemp 101: Cannabis Act and Regulations,” which focused on U.S. regulation of Hemp and CBD.
Written by Ahsaki Benion, Pamela Mann and Jeremy Steckel, their advisory outlines the final regulations regarding UBTI “Silos” published by the IRS, and detailed guidance regarding the computation of UBTI.
Carter Ledyard client Global SC Finance SRL recently completed a refinancing of an existing series of revolving asset backed notes, involving an extension of the maturity and increase in the aggregate principal amount to…
Karen and Alison, partners in Carter Ledyard’s Trusts and Estates Department, discuss and explain the peculiarities of the New York estate tax regime, including the dreaded and draconian “cliff”, and offer…
Twenty-two Carter Ledyard attorneys were recognized by The Best Lawyers in America in their 2021 rankings.
Selection is highly competitive for this two-year fellowship, which provides attorneys with the opportunity to serve in leadership roles within the ABA, attend RPTE Section meetings, and receive mentorship from veteran trusts…
We continue to monitor and report on recent COVID-19 developments. Please refer to our Response Group’s homepage, where you'll find advisories from numerous attorneys on a wide range of subjects.
Carter Ledyard client Rita Gluzman, a 71-year-old federal inmate, successfully petitioned the Southern District of New York for compassionate release after spending nearly a quarter century in federal custody.