The global transition away from LIBOR is progressing, but while some market segments have already embraced SOFR, other markets remain behind. USD LIBOR was granted an 18-month extension to ensure markets have ample time to incorporate robust fallback language into existing financial contracts, such as loans.
A new report from KKR and FS Investments covers two topics: the implications of the recent USD LIBOR extension and leveraged loans, a critical area which has so far been slower to address the fact that global markets are leaving LIBOR.
To read the full report, click here.
