Webinar: The ARRC's Final Recommendations for Fallbacks for LIBOR Floating Rate Notes

Cadwalader partner Lary Stromfeld, alongside Alexis Pederson, Senior Company Counsel at Wells Fargo Legal Department, will be speaking on a complimentary CLE webinar discussing the Alternative Reference Rates Committee's final recommendations for fallbacks for LIBOR floating rate notes. 

The webinar will discuss:

  • An overview of the Secured Overnight Financing Rate (“SOFR”) as the alternative replacement rate
  • What are the events that trigger transition from LIBOR?
  • Explanation of the “waterfall” of replacement rates, such as term SOFR and Compounded SOFR
  • Discussion of spread adjustments to reflect differences between term unsecured LIBOR and overnight secured SOFR
  • What are some of the differences in fallback language between FRNs and derivatives?
  • What comes next?

To register, click here.

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