November 6, 2018 - The Alternative Reference Rates Committee (ARRC) announced that it is extending the comment period for public feedback on its LIBOR fallback contract language consultations for floating rate notes and syndicated business loans until November 26, 2018 to provide sufficient time to allow for more thorough feedback. The LSTA, co-chair of the ARRC business loans as CLOs working group, has been deeply involved in the market consultation and has posted several materials to help market participants develop their responses to the consultation. The LSTA webcast on the syndicated loans consultation is available here.

Comments should be sent to the ARRC Secretariat (arrc@ny.frb.org) no later than November 26, 2018. Comments will be posted on the ARRC’s website as they are received without alteration except when necessary for technical reasons. Comments will be posted with attribution unless respondents request anonymity. Questions regarding the consultations should also be sent to the ARRC Secretariat (arrc@ny.frb.org) and will not be posted for attribution.

For more information, please contact mcoffey@lsta.org or tvirmani@lsta.org.