Pages from Week_in_Review 05.08.20 - Final

we mostly pivot to the markets, beginning with April primary activity (maybe not green shoots, but something greenish) and secondary activity (significant rebound from March’s lows). We do spend a moment on COVID rescue programs, mostly to remind you that we will be hosting a follow up Main Street Lending Webcast at 11AM (ET). We then turn to longer-term projects. First, what the LSTA is doing on Green & Sustainable Lending and, second, how we continue to tackle the 12.31.21 base case for LIBOR cessation.

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LIBOR: Hardwired for Success?

On June 30th the ARRC published an updated recommendation for fallback language for syndicated loans (“the 2020 recommendation”).