What is Happening to My LIBOR Now? Simplification of the ARRC’s Hardwired Approach
By EsqSocial Corporation 31/03/21
On March 25, 2021, the Alternative Reference Rates Committee (the “ARRC”) issued supplemental guidance to its recommended hardwired fallback language for U.S. dollar LIBOR denominated syndicated and bilateral business loans. The ARRC’s supplemental guidance provides a more streamlined version of the fallback language for syndicated business loans (which the ARRC issued in June 2020) and bilateral business loans (which the ARRC issued in August 2020)......
By: King & Spalding