Capital MarketsLibor SOFR
January 26, 2023

Time Crunch Facing High-yield Loans Without Fallback Language

As Libor cession approaches, borrowers that have yet to seek refis or amendments may face higher execution costs. Libor will cease to exist on June 30, yet many borrowers in the high-yield loan market have yet to amend or refinance their loans to address the need to switch to a different reference rate. Syndicated loans with the Alternative Reference Rates Committee’s recommended replacement (or “hardwired fallback”) language will be automatically converted to the Secured Overnight Financing Rate (SOFR) on June…
December 1, 2021

LIBOR Transition Working Group End of Year Meeting

About this meeting Members are invited to share their end-of-year thoughts on the preparation they have done for the cessation on LIBOR in new transaction in 2022. About this Working Group Discussions on current and relevant topics to gather interest for the creation of new peer groups. Members across all groups and non-members are invited to join the discussion to share their experience, questions and expert insight, while learning about customer/prospect challenges and needs. This working group has been requested…
October 27, 2021

LIBOR Transition and the Credit Adjustment Spread

About this meeting With less than two months left in 2021, members will discuss how they are preparing for the ‘new normal’ when LIBOR will no longer be used on ‘new’ instruments. The ‘credit adjustment spread’ members use has raised a number of questions over the last few weeks. On this call, Wells Fargo will join to provide an update on the dialogue they are having with their corporate clients and share their insights with members. About this Working Group…
September 2, 2021

LIBOR Transition Working Group October Meeting

About this meeting Members will gather to share how they are preparing for the end of the year and LIBOR no longer being used for new transactions. About this Working Group Discussions on current and relevant topics to gather interest for the creation of new peer groups. Members across all groups and non-members are invited to join the discussion to share their experience, questions and expert insight, while learning about customer/prospect challenges and needs. This working group has been requested…
Libor SOFRThe NeuGroup Insights Interview
August 12, 2021

Next Steps on the Road to Libor’s End: ARRC Chair Tom Wipf Looks Ahead

In part two of his video interview with Joseph Neu, Tom Wipf discusses operational challenges, SOFR’s strengths and more.Keeping track of developments in the long-running financial market drama called the Libor transition has been anything but easy. The number of complex issues at play can be overwhelming—everything from fallback language, interest calculations and credit spread adjustments to term rates, timelines and deadlines. That’s one reason NeuGroup created a Libor transition working group and has facilitated scores of discussions on the…
August 11, 2021

Libor Transition Working Group Monthly Meeting

About this meeting Members will discuss the latest announcements by the Alternative Reference Rates Committee as well as key takeaways from ARRC-hosted meetings for non-financial corporates. Key areas of concern for members remain modifying their internal systems to calculate interest payments and mark-to-market SOFR-based instruments. About this Working Group Discussions on current and relevant topics to gather interest for the creation of new peer groups. Members across all groups and non-members are invited to join the discussion to share their…
July 16, 2021

LIBOR Transition Working Group Discusses AMERIBOR with AFX

About this meeting Richard Sandor from the American Financial Exchange (AFX) will provide an update on the AMERIBOR credit-sensitive index. About this Working Group Discussions on current and relevant topics to gather interest for the creation of new peer groups. Members across all groups and non-members are invited to join the discussion to share their experience, questions and expert insight, while learning about customer/prospect challenges and needs. This working group has been requested by members across the network to informally…
July 16, 2021

LIBOR Transition Working Group Discusses AMERIBOR with AFX

About this meeting Richard Sandor from the American Financial Exchange (AFX) will provide an update on the AMERIBOR credit-sensitive index. About this Working Group Discussions on current and relevant topics to gather interest for the creation of new peer groups. Members across all groups and non-members are invited to join the discussion to share their experience, questions and expert insight, while learning about customer/prospect challenges and needs. This working group has been requested by members across the network to informally…
April 26, 2021

NeuGroup Working Group on the Transition from Libor to SOFR

About this meeting Discussions in this meeting will focus on transfer pricing related to the LIBOR transition which is especially relevant for companies with a more complex lending structure. About this Working Group Discussions on current and relevant topics to gather interest for the creation of new peer groups. Members across all groups and non-members are invited to join the discussion to share their experience, questions and expert insight, while learning about customer/prospect challenges and needs. This working group has…