Risk Free Rate and LIBOR cessation – what does this mean for fund finance?
27 October 2020
Our previous note entitled ‘Great Expectations – IBOR Transition for Funds and Asset Managers’ discussed the potential impact of IBOR transition on asset managers.
In this article we intend to focus on the particular impact that IBOR transition will have on borrowers and lenders who are active in the fund finance sector. A&O has acted on a significant number of loan facilities that provide for the use of the new ‘Risk Free Rates’ and are therefore uniquely positioned to explain and advise banks and borrowers on the issues they are now facing.