Meredith Coffey, Executive Vice President of Research & Public Policy, is joining a panel to discuss LIBOR cessation and industry strategies at GFMI’s “LIBOR Transition in Derivatives and Cash Products”Conference in New York City
Your search: libor
Meredith Coffey, Executive Vice President of Research & Public Policy, is speaking on LIBOR cessation and next steps at the IACPM Fall Conference in Miami
Meredith Coffey, Executive Vice President of Research & Public Policy, is joining a panel at SFNet’s Annual Convention to discuss changes in regulation and the pending cessation of LIBOR in New York City
Meredith Coffey, Executive Vice President of Research & Public Policy, will be speaking on LIBOR cessation and industry strategies at Houlihan Lokey’s Alternative Asset Valuation Symposium in New York City
Tess Virmani, Associate General Counsel & Senior Vice President, Public Policy, will speak on LIBOR transition in the loan market at Cadwalader’s 2019 Finance Forum in Charlotte, NC
On behalf of the entire LSTA team, we are proud to share with you the Summer 2019 edition of Loans Magazine.
This edition provides members with valuable content on the latest developments in the syndicated loan market. An article from David Chmiel of Global Torchlight Limited which explores “Current Geopolitical Trends Impacting the Loan Market”. We continue with a series of articles on the many aspects of the LIBOR/SOFR transition, an analysis of the secondary loan […]
There is good news – and less good news – on LIBOR fallback language in cash products like loans, FRNs and CLOs. On the good news front, it looks like most cash products are now including fallback language in new deals. This is critical because many instruments will be outstanding when LIBOR ends after 2021, and if they don’t have good fallback language, there could be contract frustration (and litigation). However, on the less-good-news front, the fallback language is not always consistent (which may lead to a lot of work to determine exactly how each instrument would fall back) or workable en masse (which may lead to traffic jams as everyone tries to amend their deals at the same time). We discuss the fallback status of FRNs and loans below. (And we’d gently remind readers that several CLOs have gone “hardwired”, per LCD and Covenant Review).
Ten Quick Facts About LIBOR: The Problem and the Potential Solution
Become a Member
Membership in the LSTA offers numerous benefits and opportunities. Chief among them is the opportunity to participate in the decision making process that ultimately establishes loan market standards, develops market practices, and influences the market’s direction.