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Expert Analysis

How Debtor-In-Possession Loans Guide On Libor's Exit

By Jeffrey Armstrong (February 2, 2021, 4:31 PM EST) -- As is well known, a wide variety of financial contracts are benchmarked to Libor, scheduled to be officially phased out beginning next year. One of the vital functions of Libor during an economic crisis has been as a benchmark rate for debtor-in-possession, or DIP, loans.[1]...

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