TITLE

Can You Kiss Your Libor Floor Goodbye?

AUTHOR(S)
Clouse, Carol J.; Sheahan, Matthew
PUB. DATE
November 2010
SOURCE
High Yield Report;11/15/2010, Vol. 21 Issue 46, p27
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses whether the Libor floor will be sustained amidst tighter pricing on leveraged loans and high yield bonds. It was mentioned that Libor floors started at 2% or higher in early 2010 but current levels are at 1.5% or 1.75%. Several deals which lowered Libor floors were mentioned. including the buyout loan for Gymboree Corp. and the term loan B for CB Richard Ellis.
ACCESSION #
55236733

 

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