Dramatic changes are on the horizon for the most widely used benchmark for interest, investment and derivatives rates: the London Interbank Offered Rate (LIBOR). As a result, a broad swath of market participants, including lenders, borrowers, debt issuers, investors and derivatives counterparties are (or should be) evaluating the consequences of the potential cessation of LIBOR. This webcast discusses regulatory and industry efforts to prepare for the anticipated changes to LIBOR, focusing on US Dollar LIBOR, from the perspective of entities that are either or both borrowers and lenders, including business development companies (BDCs) and other private credit funds. The webcast will focus on:
- recent trends, developments and current timeline
- what issuers, lenders and borrowers should be doing to prepare for the cessation of LIBOR
- industry association and working group documentation solutions for legacy agreements and agreements going forward
Click here to watch the video.