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Don’t Be Floored by SOFR Interest Rate Floors

March 23, 2022

Read this article discussing interest rate floors for SOFR rate loans. Interest rate floors are a common tool by lenders in commercial loans to ensure that they will always earn a certain minimum yield on their loan. This article discusses how the floor transfers over to SOFR under LIBOR fallback provisions and how new credit agreements are including floors on SOFR loans.

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