Please find a market advisory which addresses adding a “credit sensitive rate” option as part of the LIBOR fallback language included in syndicated loan and bilateral loan documentation. In particular, this advisory provides sample language developed by the LSTA in collaboration with a working group of its sell-side and buy-side members to facilitate the use of credit sensitive rates in hardwired fallback language for members who are interested in incorporating a credit sensitive rate option.
File | Market-Advisory-for-CSR-Option-Apr-8-2021.pdf |
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