Excerpt from Practical Guidance

8 Borrower Considerations For SOFR Loan Documentation

Law360 (September 10, 2020, 2:15 PM EDT) -- Bankers, lawyers and others involved in the loan market's transition from Libor to another reference rate have spent much of the past two years thinking about and drafting fallback provisions — the section of a loan agreement that describes what happens if Libor is not available.

Now that the likely disappearance of Libor is less than a year and a half away, and the Alternative Reference Rates Committee has identified the Secured Overnight Financing Rate, or SOFR, as the likely successor to U.S. dollar Libor, market participants are spending more time thinking about how to document loans that provide for interest accruing at a rate...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!