Hardwiring LIBOR Fallback Language in Syndicated Loans: The ARRC-Recommended Approach

Name: Cahill
Price range: $$$

September 16, 2020

On June 30, 2020, the Alternative Reference Rates Committee (the “ARRC”) published recommendations for hardwiring LIBOR fallback language in the U.S. dollar-denominated syndicated loan market (the “ARRC Recommendations”). The ARRC Recommendations include recommended fallback language and a detailed user’s guide (the “User’s Guide”) to the fallback language.