Update on LIBOR Phase-Out

Date: September 25, 2020

Time: 3:30 - 4:30 p.m.

Location: Webinar

Nixon Peabody partner Barry Rothchild will co-present on the topic "Update on LIBOR Phase-Out," on The Workshop: Virtual 2020 hosted by the National Association of Bond Lawyers.

Details from the website

This panel will inform and update attendees as to issues surrounding the phaseout of LIBOR anticipated to occur at the end of 2021. The panel will provide a brief  background on the LIBOR phaseout and then discuss the likely alternate reference rate substitutes for LIBOR, including in particular the Secured Overnight Financing Rate (SOFR) and thoughts concerning adjustments to SOFR that may be necessary to minimize value transfers. This panel will also explore language suggested for legal documents in anticipation of the LIBOR phaseout. This will include descriptions, as well as pluses and minuses, of language published by the Alternate Reference Rate Committee (ARRC) as well as an update on ISDA initiatives for purposes of swap documentation. Lastly, this panel will explore the implications and potential consequences, as to “legacy” transactions that are already in place, in the event that parties are unable to agree upon a successor rate index.

To learn more or to register, visit the NABL website.

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