Transitioningfrom LIBORtoaReplacement RateIndex: WhatSteps ShouldLenders Take Now?
By Andrew Kalgreen
Lenders andborrowers alike are wondering when and how they will adapt to a market in which LIBOR is no longer the preferred interest rate benchmark, a development likely to occur at year-end 2021. Clearly lenders must consider the many effects of replacing LIBOR with another floating rate index. This article discusses the steps lenders should take now, and why.