LIBOR TRANSITION — PHASE-OUT EFFECTIVE JANUARY 1, 2022
LIBOR TRANSITION–PHASE-OUT EFFECTIVE JANUARY 1, 2022 The use of LIBOR as an interest rate reference will be phased out at the end of 2021. Except for existing “legacy” loans that bear interest based on 1, 3 or 6-month LIBOR, which may continue until June 30, 2023, an alternative interest reference […]