Floating-Rate Debt Considerations as Libor Cessation Nears

Faegre Drinker partner Dawn Holicky Pruitt authored an article for Law360 titled “Floating-Rate Debt Considerations as Libor Cessation Nears.”

In the piece, Pruitt highlights the impending demise of the London Interbank Offered Rate (LIBOR) – a widely used benchmark rate for U.S. dollar-denominated floating-rate debt securities and other financial products. Pruitt urges legal and business communities to carefully consider industry recommendations and to engage in thoughtful planning now.

The full article is available to Law360 subscribers.