Credit agreement best practice – LIBOR cessation
Osler law firm offers an excellent article regarding the London Interbank Offered Rate (LIBOR) which will eventually end. And even in these difficult times of the COVID-19 pandemic, there is no suggestion that LIBOR’s end will be delayed and should end, as expected, on December 31, 2021.
A text by Andrew G. Herr, Lisa Mantello and Joyce M. Bernasek that you can read here.