{"id":364,"date":"2021-08-05T17:07:14","date_gmt":"2021-08-05T21:07:14","guid":{"rendered":"https:\/\/blogs.duanemorris.com\/bankinglaw\/?p=364"},"modified":"2021-08-06T17:26:00","modified_gmt":"2021-08-06T21:26:00","slug":"libor-transition-whats-a-borrower-to-do","status":"publish","type":"post","link":"https:\/\/blogs.duanemorris.com\/bankinglaw\/2021\/08\/05\/libor-transition-whats-a-borrower-to-do\/","title":{"rendered":"LIBOR Transition: What&#8217;s a Borrower to Do?"},"content":{"rendered":"<p>So far, much of the focus has been on getting lenders to stop originating LIBOR loans in favor of loans based on alternative, risk-free rates. As we get closer to that becoming a reality on a broad scale, it\u2019s worth taking a look at the issue from a borrower\u2019s perspective. Borrowers have no say in the phaseout of LIBOR, but to varying degrees they will have a say in which alternative rates will become prevalent in the market.<\/p>\n<p>To learn about what a borrower should do in light of the availability of alternative reference rates in the very near future, check out <a href=\"https:\/\/www.duanemorris.com\/alerts\/libor_transition_whats_borrower_to_do_0621.html\">our Alert here<\/a>.<\/p>\n<p>Duane Morris\u2019 LIBOR Transition Team:\u00a0\u00a0<a href=\"https:\/\/www.duanemorris.com\/attorneys\/rogerschari.html\">Roger S. Chari<\/a>, Chair,\u00a0<a href=\"https:\/\/www.duanemorris.com\/attorneys\/joelnephross.html\">Joel N. Ephross<\/a>,\u00a0<a href=\"https:\/\/www.duanemorris.com\/attorneys\/ameliaamyhhuskins.html\">Amelia (Amy) H. Huskins<\/a>, and\u00a0<a href=\"https:\/\/www.duanemorris.com\/attorneys\/michellengo.html\">Phuong (Michelle) Ngo<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>So far, much of the focus has been on getting lenders to stop originating LIBOR loans in favor of loans based on alternative, risk-free rates. As we get closer to that becoming a reality on a broad scale, it\u2019s worth taking a look at the issue from a borrower\u2019s perspective. Borrowers have no say in &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/blogs.duanemorris.com\/bankinglaw\/2021\/08\/05\/libor-transition-whats-a-borrower-to-do\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;LIBOR Transition: What&#8217;s a Borrower to Do?&#8221;<\/span><\/a><\/p>\n","protected":false},"author":481,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[234,253,285,240,238,399,259,397,381,248,250,252,227,93,228,236,245,398,241,400,256,257,206,266,237,260,271],"ppma_author":[348,346,360,353],"class_list":["post-364","post","type-post","status-publish","format-standard","hentry","category-general","tag-alternative-reference-rates-committee","tag-amelia-huskins","tag-ameribor","tag-amy-huskins","tag-arrc","tag-association-for-financial-professionals","tag-benchmark-replacement","tag-borrowers","tag-bsby","tag-chari","tag-ephross","tag-huskins","tag-joel-ephross","tag-lenders","tag-libor","tag-libor-transition","tag-london-interbank-offered-rate","tag-main-street","tag-michelle-ngo","tag-national-association-of-corporate-treasurers","tag-ngo","tag-phuong-ngo","tag-roger-chari","tag-secured-overnight-financing-rate","tag-sofr","tag-term-sofr","tag-usd-libor"],"authors":[{"term_id":348,"user_id":481,"is_guest":0,"slug":"mngo","display_name":"Phuong (Michelle) Ngo","avatar_url":"https:\/\/blogs.duanemorris.com\/bankinglaw\/wp-content\/uploads\/sites\/14\/2020\/08\/ngomichelle-125x150.jpg","0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":"","8":""},{"term_id":346,"user_id":414,"is_guest":0,"slug":"rschari","display_name":"Roger S. Chari","avatar_url":"https:\/\/blogs.duanemorris.com\/bankinglaw\/wp-content\/uploads\/sites\/14\/2020\/02\/chariroger-125x150.jpg","0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":"","8":""},{"term_id":360,"user_id":478,"is_guest":0,"slug":"jne120","display_name":"Joel N. Ephross, P.C.","avatar_url":"https:\/\/blogs.duanemorris.com\/bankinglaw\/wp-content\/uploads\/sites\/14\/2020\/07\/ephrossjoel-125x150.jpg","0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":"","8":""},{"term_id":353,"user_id":479,"is_guest":0,"slug":"ahh175","display_name":"Amelia (Amy) H. Huskins","avatar_url":"https:\/\/blogs.duanemorris.com\/bankinglaw\/wp-content\/uploads\/sites\/14\/2020\/08\/huskinsamy-125x150.jpg","0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":"","8":""}],"_links":{"self":[{"href":"https:\/\/blogs.duanemorris.com\/bankinglaw\/wp-json\/wp\/v2\/posts\/364","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.duanemorris.com\/bankinglaw\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.duanemorris.com\/bankinglaw\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/bankinglaw\/wp-json\/wp\/v2\/users\/481"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/bankinglaw\/wp-json\/wp\/v2\/comments?post=364"}],"version-history":[{"count":0,"href":"https:\/\/blogs.duanemorris.com\/bankinglaw\/wp-json\/wp\/v2\/posts\/364\/revisions"}],"wp:attachment":[{"href":"https:\/\/blogs.duanemorris.com\/bankinglaw\/wp-json\/wp\/v2\/media?parent=364"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/bankinglaw\/wp-json\/wp\/v2\/categories?post=364"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/bankinglaw\/wp-json\/wp\/v2\/tags?post=364"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/bankinglaw\/wp-json\/wp\/v2\/ppma_author?post=364"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}