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USD LIBOR expected to end June, 2023 with numerous legal financial implications to consider, especially as remediation of leveraged loans and other commercial loans needs to progress further according to the Alternative Reference Rates Committee ARRC meeting in February 2023
In May 2022 we reported that where Term SOFR was being used widely in U.S. loans; its use in other markets was more limited. Six months on, how has the picture changed?
The IBOR Transition Digest is a periodic compendium of global regulatory and market developments and insights on the complex issues confronting financial market participants as they continue...
FTI Consulting entered into the second amendment and restatement of its senior secured revolving credit facility. The Second Amended and Restated Credit Agreement increases the revolving line of credit from $550.0 million to $900.0 million, extends the maturity date from November 30, 2023 to November 21, 2027, replaces USD LIBOR with, at the...
Recent changes in LIBOR and SOFR levels have upended a multi-year conversation between borrowers and lenders about what credit spread adjustment, if any, is appropriate to be added to SOFR-based interest rates...