June 06, 2019
Jeff Nagle, alongside the LSTA’s Meredith Coffey and Tess Virmani, moderated a roundtable discussion in our New York office on what the LIBOR phase-out may mean for financial products that rely on this rate. Topics included what loan market participants should do to prepare for the transition, what a replacement rate based upon SOFR might look like, and a look at the business implications of the ARRC recommended fallback language for syndicated loans.
Members of the LSTA attended in person and over the phone to walk through the transition and the steps involved in building a plan to leave LIBOR.
For more on this topic, visit Cadwalader’s LIBOR Preparedness Team page here.