February 13, 2019
What’s the deal with LIBOR?
Credit funds and private equity dealmakers need to be aware of the consequences of the change-over from LIBOR to a new set of benchmark rates. Ignoring the transition risks a last-minute scramble to refinance or renegotiate portfolio company funding, with the challenges heightened by potential value leakage and a squeeze on liquidity. How can you get set for the big switch?