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Huzzah! Hardwireds are Here!

We have seen (well, we’ve read about) the first Syndicated Loan Hardwired Fallbacks, courtesy of Covenant Review. We discuss the background and recommendations for Loan…

Simple SOFR Just Got Simpler

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”)…

LSTA Newsletter: September 18, 2020

This week in review: Tess Virmani announces (and recaps) the LSTA’s new Simple SOFR Concept Credit Agreement, Meredith Coffey reviews the ARRC’s progress on Term…