With the end of LIBOR approaching, most lenders will use a new, non-LIBOR benchmark for any loans issued between now and the last day of the year. In this part one of a two-part article, the Private Equity Law Report spoke to three lender-side counsel – including Cadwalader's Mike Mascia and Jeff Nagle – and four borrower-side counsel about what the end-of-year deadline means and the state of readiness in the PE subscription facility space. To access the subscription-required article, click here.