1 LIBOR-SOFR Spread Adjustments: Historical vs Current Levels Note that this presentation only focuses on SOFR loan origination and does not address credit sensitive rates Meredith Coffey, LSTA EVP- Research Co-Head Public Policy mcoffey@lsta.org mailto:mcoffey@lsta.org 2 • LIBOR is a credit sensitive rate; SOFR is risk free…therefore SOFR is lower than LIBOR • To address...