MCS’ Jonathan Thalheimer will be featured ABA panelist discussing LIBOR phase-out
The global benchmark for determining interest rates on real estate financing and other investments – the LIBOR – is being phased out in 2021, and there’s a lot that financial professionals need to know to be ready to transition from LIBOR.
On Wednesday, April 1, McGuire, Craddock & Strother shareholder Jonathan Thalheimer will be a featured panelist on a CLE roundtable discussion that will focus on understanding the many changes on the finance horizon related to LIBOR.
LIBOR’s End: What CRE Lenders and Borrowers Need to Know (and DO) Now is sponsored by the American Bar Association’s Real Property, Trust and Estate Law Section. In addition to Mr. Thalheimer, the panel includes Readie Callahan, head of communications strategy at the LIBOR Transition Office at Wells Fargo; and Daniel R. Rubock, senior vice president at Moody’s Investors Service.
The panel discussion will include:
- The history of LIBOR and some of its early problems and solutions
- The global need for alternative rates and country-specific proposed alternatives
- The Secured Overnight Financing Rate (SOFR), the U.S. alternative rate proposed by the Alternative Reference Rates Committee (ARRC)
- Contractual issues in existing LIBOR documents and the ARRC proposed amendment language
- The dangers of doing nothing for lenders and borrowers
- Actions to take now
The teleconference is scheduled for Wednesday, April 1, from noon to 1:30 p.m. CT, and will also be available for download on demand. Registration information and additional details can be found here: https://www.americanbar.org/events-cle/mtg/web/394758086/