The Shield – Transitioning From LIBOR: A Year With SOFR
Brandon Lippold
July 12, 2024
A little over a year ago, the transition from the London Interbank Offered Rate (“LIBOR”) to the Secured Overnight Financing Rate (“SOFR”) occurred. This transition had been in the works for several years and officially concluded in June of 2023. Below, we summarize some important milestones that have transpired since the transition