Soumya Bhagavatula

Soumya Bhagavatula

King & Spalding

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US Dollar Term SOFR is Here – Why is This Different and How Does it Affect My Loan?

On July 29th, 2021, the Alternative Rates Reference Committee (the “ARRC”) formally recommended the adoption of CME Group’s forward-looking Secured Overnight Financing Rate (“SOFR”) term rates. According to the ARRC, this...more

8/23/2021  /  Alternative Reference Rates Committee (ARRC) , Borrowing Statutes , Financial Conduct Authority (FCA) , Lending , Libor , Loans , Secured Overnight Funding Rate (SOFR) , Securities and Exchange Commission (SEC) , Syndicated Loans , U.S. Treasury
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