Firm Memoranda

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

Date: 09/16/20

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.

Hardwiring LIBOR Fallback Language in Syndicated Loans_The ARRC-Recommended Approach.pdf (pdf | 142.06 KB )