Simple SOFR Just Got Simpler

SimpleSOFR_091820

This summer has seen a number of tools added to the LIBOR transition toolbox, such as the Updated ARRC Hardwired Fallback Language (“Hardwired Fallback Language”) and the ARRC’s Recommended Conventions for Syndicated Loans (“ARRC Conventions”), and now there is one more—the “Daily Simple SOFR” Concept Credit Agreement.

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