LSTA Podcast: Term SOFR in Scope for Business Loans & CLOs
On Wednesday, July 21st, the ARRC recommended the use of Term SOFR for business loans, their hedges, and CLOs.
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Term SOFR Conventions: (Almost) Just Like LIBOR
By Meredith Coffey. On July 21, the ARRC released recommended conventions for forward looking Term SOFR (and SOFR Averages in Advance) for syndicated and bilateral…
Term SOFR: Loans, CLOs in Scope!
By Meredith Coffey. This morning, the ARRC released best practice recommendations for the use of a SOFR Term Rate.
LSTA Applauds ARRC Decision on Business Loans and CLOs
The Loan Syndications and Trading Association (“LSTA”), the trade association for the corporate loan market in the United States, today issued the following statement regarding…
SOFR Spotting
We knew it was coming, but it is finally happening. On Friday, Refinitiv reported that Ford was looking to refinance $15.4 billion in syndicated facilities…
(Term) SOFR First?
By Meredith Coffey. Last week might have been a pivotal one for LIBOR transition. On Tuesday, collective announcements by the CFTC and the ARRC indicated…
Fallback Language Still Evolving?
By Tess Virmani. With seven months left to go before LIBOR originations are expected to cease, fallback language has evolved once again as reported by…
Term SOFR Recommendation: Now in Clear Sight
By Tess Virmani. Today the ARRC has taken one step closer to making its Term SOFR recommendation.
ARRC: Term SOFR Coming Soon
By Meredith Coffey. On May 11th, the Alternative Reference Rates Committee (“ARRC”) held its second “SOFR Symposium”.
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