LSTA EVPs Meredith Coffey and Tess Virmani presented this short webcast explaining the March 5th FCA and IBA announcements on LIBOR cessation and non-representativeness and key impacts on loans and CLOs. The webcast put the March 5th announcements in context of other key LIBOR cessation dates, explained how the spread adjustments were set, discussed sending notices based on the FCA/IBA announcements and reviewed the concept of “synthetic LIBOR”.

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LSTA Suite of Documents Continues to Grow

February 28, 2024 - This article was first published in the 2024 winter edition of Loans Magazine, which can be accessed here. There are two legal projects…