LIBOR to SOFR: What’s Your Plan?
The time for transitioning from the London Interbank Offered Rate (LIBOR) is quickly approaching with the looming May 2021 deadline and there are things for your lending group to consider in the meantime.
Minor Mistake, Leads to Major Misfortune
We’re going to take it way back to 2006 when GM entered into a term loan for about $1.5 billion in financing with JPMorgan. The loan was secured by a …