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LIBOR Lapse Looms Large

By Mary Jo N. Miller & Andrew O. Vouziers on February 12, 2023
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LIBOR to SOFR

Attention Loan Market Participants: There are fewer than 145 days until US dollar LIBOR no longer is published on a representative basis. While some segments of the market are well advanced in transitioning from the London InterBank Offered Rate to the Secured Overnight Financing Rate, the lending market generally is behind. Given the substantial volume of outstanding LIBOR contracts, the time to transition away from LIBOR is now!

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Photo of Mary Jo N. Miller Mary Jo N. Miller

Mary Jo N. Miller is Mayer Brown’s US Banking & Finance professional support lawyer, and a member of the firm’s Knowledge Management department. She uses her extensive experience as a banker and finance lawyer to help the practice stay abreast of cutting edge…

Mary Jo N. Miller is Mayer Brown’s US Banking & Finance professional support lawyer, and a member of the firm’s Knowledge Management department. She uses her extensive experience as a banker and finance lawyer to help the practice stay abreast of cutting edge financing issues and products, and deliver work product of the highest quality. Mary Jo’s practice also focuses on developing form documents and other practice resources, training lawyers, and assisting in the development and implementation of technology to allow the practice’s lawyers to leverage internal and external knowledge to build deeper client relationships and deliver excellent client service.

View profile on MayerBrown.com.

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  • Posted in:
    Banking, Finance and Securities
  • Blog:
    Eye on IBOR Transition
  • Organization:
    Mayer Brown

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