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LSTA Unpacks Hardwired Fallback Language

As recently reported, on Monday the FCA, the IBA and US banking regulators made a number of announcements relevant to LIBOR transition which were (quite…

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…

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