SimpleSOFR_091820

This summer has seen a number of tools added to the LIBOR transition toolbox, such as the Updated ARRC Hardwired Fallback Language (“Hardwired Fallback Language”) and the ARRC’s Recommended Conventions for Syndicated Loans (“ARRC Conventions”), and now there is one more—the “Daily Simple SOFR” Concept Credit Agreement.

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SimpleSOFR_091820.pdf

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The Kirschner Case: This is the End

The Supreme Court denied Kirschner's petition for certiorari, finally ending the case. As LSTA's Elliot Ganz explains, this cements that syndicated loans are not securities,…