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SOFR Index (and Averages) are Coming!

he SOFR Index (and Averages) have created considerable buzz in the loan space. The good news: Last week, the New York Fed announced it would…

SOFR So Far

On Tuesday, April 3rd, the NY Fed began publishing SOFR – a possible replacement for LIBOR – to great interest (at the LSTA, at least).…

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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,…