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ARTICLE · 14 JUNE 2019

Podcast: Credit Funds: Replacing LIBOR – Steps To Consider Taking Now

Ropes & Gray LLP
Ropes & Gray LLP
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Ropes & Gray LLP

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In this podcast, Jill Kalish Levy and Joel Wattenbarger discuss the impending cessation of LIBOR at the end of 2021 and its proposed replacement, SOFR, and how they differ.

United StatesFinance and Banking
Jill Kalish Levy
Jill Kalish Levy
Joel Wattenbarger
Joel Wattenbarger
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In this podcast, Jill Kalish Levy and Joel Wattenbarger discuss the impending cessation of LIBOR at the end of 2021 and its proposed replacement, SOFR, and how they differ. Market participants are already taking different approaches to the replacement of LIBOR from the documentation and logistical perspectives. This podcast explains the pros and cons of the various approaches, including the advantages and challenges associated with the "amendment approach" and the "hardwired approach" in documentation, and what actions credit fund managers may want to consider taking in 2019 to begin the transition away from LIBOR.

Transcript:

Joel Wattenbarger: Hello, and welcome to our podcast. My name is Joel Wattenbarger, and I am a partner at Ropes & Gray in our asset management practice. Joining me today is Jill Kalish Levy, who is knowledge management counsel in our finance group. In this podcast, we will be discussing the impending cessation of LIBOR and what

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