The LIBOR Working Group was replaced with the SOFR Working Group for documentation issues and the LSTA Weekly LIBOR Q&A call to address topical LIBOR efforts. The LSTA is a member of the Alternative Reference Rates Committee (ARRC) and co-chair of the ARRC’s Business Loans Working Group. Please contact Meredith Coffey for more information.

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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.