Concept Credit Agreement Compounded SOFR (Aug 3 2023)
Attached is the Daily Compounded SOFR “Compound the Rate” Concept Document. The blackline, against the document dated February 27, 2023, is attached below as well…
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Term SOFR Conventions: (Almost) Just Like LIBOR
By Meredith Coffey. On July 21, the ARRC released recommended conventions for forward looking Term SOFR (and SOFR Averages in Advance) for syndicated and bilateral…
Term SOFR: Loans, CLOs in Scope!
By Meredith Coffey. This morning, the ARRC released best practice recommendations for the use of a SOFR Term Rate.
SOFR Spotting
We knew it was coming, but it is finally happening. On Friday, Refinitiv reported that Ford was looking to refinance $15.4 billion in syndicated facilities…
CLOs & the Multi-rate World
By Meredith Coffey. It’s possible – indeed, inevitable – that loans will exist in a multi-rate world after LIBOR originations cease in late 2021.
Comparing LIBOR, BSBY & SOFR Curves
By Meredith Coffey. What’s the economic difference between LIBOR, CSRs and SOFRs?
Daily Compounded SOFR Concept Document Advances
On Tuesday, the LSTA’s Primary Market Committee received a revised draft of the Daily Compounded SOFR (Compound the Rate) Concept Document.
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