Need a LIBOR Replacement Plan?

We can help. Use this easy-to-follow checklist of items you should consider when implementing and documenting non-LIBOR interest rates in commercial loan transactions. This checklist serves as a general guideline for counsel representing a party in a commercial loan to be used along with consideration of transaction-specific issues.

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Related Content

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

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

• LIBOR Transition to SOFR in Credit Agreements
  Read this practice note describing how to draft or amend credit agreements to replace LIBOR as a baseline reference interest rate. It also discusses the likely replacement of LIBOR – the Secured Overnight Financing Rate (SOFR) – and the advantages and disadvantages of this rate relative to LIBOR, along with a timeline of the latest developments related to the transition.

• The Client Asks: What Happens When LIBOR Ends?
  Check out this practice note describing how you should proceed when your client calls and asks what happens to their loan documents after the end of LIBOR.

Practical Guidance Updates

Featuring the latest updates from your Practical Guidance account.

• Market Standards—Finance
• Sustainability-Linked Loans Tracker
• Market Trends 2021/22: Unrestricted Subsidiary Provisions
• Check out the new Practical Guidance Author Center! Learn about the 1500+ leading attorney authors contributing to our 20 practice areas, and find out how you can Become a Practical Guidance Author.
• The Practical Guidance Journal Spring 2022 Edition features updates related to LIBOR replacement and the Secured Overnight Financing Rate (SOFR).
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