X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

The U.S. leveraged loan market could soon pivot away from the London interbank offered rate (LIBOR) for new deals after officials endorsed a series of forward-looking benchmarks tied to its main U.S. replacement.

The Federal Reserve-backed Alternative Reference Rates Committee’s (ARRC’s) ratification of a term structure for the Secured Overnight Financing Rate (SOFR) should allow bankers and borrowers to begin using the benchmarks as soon as September, according to Meredith Coffey, executive vice president of research and public policy at the Loan Syndications and Trading Association.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

 

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.