If you haven’t done so already, now is the time to get ready for the transition from the London Interbank Offer Rate interest benchmark (‘LIBOR’) to the new risk-free rates. LIBOR will cease to be in effect from 31 December 2021.
The transition will affect all organisations with contracts containing LIBOR-linked financial obligations, not just lenders.
Our Banking and Finance Team can help you with:
- Strategic advice and risk analysis on what the change means for you
- Managing the execution process to ensure a smooth transition between benchmarks
- Negotiating any necessary amendments to your existing finance documentation
- Liaising with your bank and your bank’s solicitors.
Click the link below to read some FAQs that may help you.
If you would like to find out more, get in touch with banking and finance expert Patrick Keown. Patrick has worked with leading organisations across a variety of sectors on the transition away from LIBOR.
Case studies
Bates Wells represents national charitable sporting trust in its refinancing
Bates Wells represents leading construction and infrastructure company in its refinancing