Spread the SOFR Love

Don’t miss out reading this article discussing credit spread adjustments related to the differential in rates between LIBOR and SOFR. While LIBOR and SOFR historically trend together, LIBOR is generally higher than SOFR. Due to the difference in these rates, the ARRC has recommended that a credit spread adjustment be added to SOFR to compensate for the difference between the two rates.

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Related Content

• Market Trends 2020/21: LIBOR Succession Clauses
  Review this practice note describing provisions in credit agreements that allow for a transition to a replacement reference interest rate upon the cessation of LIBOR and discusses current market trends in these fallback LIBOR clauses in publicly filed credit agreements from the second half of 2020 and first half of 2021.

• LIBOR Replacement Resource Kit
  Use this resource kit for an overview of replacing LIBOR as the benchmark interest rate in loan documents.

• LIBOR Transition Video
  Watch this video which highlights the transition of LIBOR clauses in credit agreements and its implications in the market. 

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