{"id":3026,"date":"2023-10-04T18:05:03","date_gmt":"2023-10-04T17:05:03","guid":{"rendered":"https:\/\/alterdomus.com\/?post_type=insights&#038;p=3026"},"modified":"2024-02-19T17:44:44","modified_gmt":"2024-02-19T17:44:44","slug":"post-libor-transition-update","status":"publish","type":"insights","link":"https:\/\/alterdomus.com\/insight\/post-libor-transition-update\/","title":{"rendered":"Post-LIBOR transition update"},"content":{"rendered":"\n<div class=\"wp-block-filter-blocks-container filter-article-header-container filter-article-news has-ffeec-8-background-color has-background\"><div class=\"filter-container\" style=\"background-color:#ffeec8\"><div class=\"filter-container-background-image\" style=\"background-position:center center;background-repeat:no-repeat;background-size:cover\"><\/div><div class=\"container\"><div class=\"filter-container--inner filter-block-wrapper\">\n<div class=\"wp-block-filter-blocks-section is-style-standard\"><div class=\"filter-section\"><div class=\"filter-section--inner\">\n<p class=\"has-large-font-size\" style=\"margin-bottom:var(--wp--preset--spacing--xl)\">Analysis<\/p>\n\n\n<h1 style=\"margin-bottom:var(--wp--preset--spacing--m);\" class=\"wp-block-post-title has-huge-font-size\">Post-LIBOR transition update<\/h1>\n\n\n<p class=\"has-medium-font-size\">Calm after the storm<\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-filter-primary-color has-alpha-channel-opacity has-filter-primary-background-color has-background is-style-default\" style=\"margin-top:var(--wp--preset--spacing--2-xl);margin-bottom:var(--wp--preset--spacing--m)\"\/>\n\n\n\n<div class=\"wp-block-columns filter-article-meta-container is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<div class=\"wp-block-group is-nowrap is-layout-flex wp-container-core-group-is-layout-3333c3a8 wp-block-group-is-layout-flex\">\n<div class=\"wp-block-group is-vertical is-layout-flex wp-container-core-group-is-layout-4b827052 wp-block-group-is-layout-flex\">\n<div class=\"wp-block-group is-nowrap is-layout-flex wp-container-core-group-is-layout-3333c3a8 wp-block-group-is-layout-flex\">\n<div class=\"wp-block-group is-vertical is-layout-flex wp-container-core-group-is-layout-4b827052 wp-block-group-is-layout-flex\">\n<p style=\"margin-top:0;margin-bottom:0\">Jason Mendoza<\/p>\n\n\n\n<p class=\"mt-1 has-constantia-font-family has-xsmall-font-size\" style=\"margin-top:0;margin-bottom:0\">Senior Quant Modeler<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><div class=\"has-text-align-right wp-block-post-date has-small-font-size\"><time datetime=\"2023-10-04T18:05:03+01:00\">4 October 2023<\/time><\/div><\/div>\n<\/div>\n<\/div><\/div><\/div>\n<\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-filter-blocks-container filter-article-content-container\"><div class=\"filter-container\"><div class=\"filter-container-background-image\" style=\"background-position:center center;background-repeat:no-repeat;background-size:cover\"><\/div><div class=\"container\"><div class=\"filter-container--inner filter-block-wrapper\">\n<div class=\"wp-block-filter-blocks-section is-style-standard\"><div class=\"filter-section\"><div class=\"filter-section--inner\"><figure style=\"height:250px;\" class=\"wp-block-post-featured-image\"><img fetchpriority=\"high\" decoding=\"async\" width=\"8660\" height=\"5773\" src=\"https:\/\/alterdomus.com\/wp-content\/uploads\/2023\/09\/architecture-bridge-traffic.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"architecture bridge traffic\" style=\"border-radius:32px;height:250px;object-fit:cover;\" srcset=\"https:\/\/alterdomus.com\/wp-content\/uploads\/2023\/09\/architecture-bridge-traffic.jpg 8660w, https:\/\/alterdomus.com\/wp-content\/uploads\/2023\/09\/architecture-bridge-traffic-300x200.jpg 300w, https:\/\/alterdomus.com\/wp-content\/uploads\/2023\/09\/architecture-bridge-traffic-1024x683.jpg 1024w, https:\/\/alterdomus.com\/wp-content\/uploads\/2023\/09\/architecture-bridge-traffic-768x512.jpg 768w\" sizes=\"(max-width: 8660px) 100vw, 8660px\" \/><\/figure>\n\n\n<p>After more than 36 years of existence, the London Interbank Offered Rate (LIBOR) was <a>discontinued <\/a>in July 2023 in favor of alternative references rates, such as SOFR (Secured Overnight Financing Rate). As mentioned in previous Alter Domus reports, we discussed the need to migrate away from LIBOR and provided updates on the transition as the cessation date grew closer.  <\/p>\n\n\n\n<p>Now that LIBOR is no longer published, we report on the impact it continues to have, albeit declining, in the U.S private debt market and address any <a>lingering considerations.<\/a><\/p>\n\n\n\n<p>Announcement of LIBOR\u2019s future discontinuation in 2017 posed an intimidating feat, like an impending storm, as LIBOR was pegged to almost all contracts accounting for <a>billions of dollars <\/a>of debt. Six years later, though, market participants made it through the storm quite successfully.<\/p>\n\n\n\n<p> Overall, the LIBOR transition was, as the AARC[1] puts it, \u201csmooth and uneventful.\u201d[2] Much of the success is attributed to the careful planning and coordination between agents, like Alter Domus. borrowers, lenders and financial regulators.<\/p>\n\n\n\n<p>Moreover, as the June 30,2023 deadline approached, there was a predictable uptick in credit agreement amendments and triggering of existing ones. As reported by the LevFin Insights, amendments spiked in June, nearly totaling 300, representing almost 3 times the amount of amendments in May and April[3].<\/p>\n\n\n\n<p>The same can be inferred with respect to the direct lending space, as we turn to publicly available BDC (Business Development Companies) data as a proxy. From a sample of 13 BDC\u2019s registered with the SEC, representing over $33bn in portfolio valuations or about a quarter of the publicly traded BDC market, we observe from the 2023Q2 SEC filings that the average <em>decrease<\/em> in loans tied to LIBOR jumped to 27% during 2023Q2 from 10% in <a>2023Q1<\/a>.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"1024\" src=\"https:\/\/alterdomus.com\/wp-content\/uploads\/2023\/10\/AD-LIBOR-Graph-1023-v2-1024x1024.png\" alt=\"\" class=\"wp-image-3054\" srcset=\"https:\/\/alterdomus.com\/wp-content\/uploads\/2023\/10\/AD-LIBOR-Graph-1023-v2-1024x1024.png 1024w, https:\/\/alterdomus.com\/wp-content\/uploads\/2023\/10\/AD-LIBOR-Graph-1023-v2-300x300.png 300w, https:\/\/alterdomus.com\/wp-content\/uploads\/2023\/10\/AD-LIBOR-Graph-1023-v2-150x150.png 150w, https:\/\/alterdomus.com\/wp-content\/uploads\/2023\/10\/AD-LIBOR-Graph-1023-v2-768x768.png 768w, https:\/\/alterdomus.com\/wp-content\/uploads\/2023\/10\/AD-LIBOR-Graph-1023-v2-1536x1536.png 1536w, https:\/\/alterdomus.com\/wp-content\/uploads\/2023\/10\/AD-LIBOR-Graph-1023-v2-2048x2048.png 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>The graph and table that follow clearly illustrate the declining relevance of LIBOR and rising relevance of SOFR in the last four quarters \u2013 with SOFR beginning to equal and surpass LIBOR in Q1\u201923. Over the past 9 months, SOFR-pegged loans have gone from 28.5% of total floating loans to 75% for the loans in the underlying sample portfolios.<\/p>\n\n\n\n<p><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-filter-secondary-color\">LIBOR Declines While SOFR Grows (sample of 13 BDCs)<\/mark><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"1024\" src=\"https:\/\/alterdomus.com\/wp-content\/uploads\/2023\/10\/AD-SOFR-Graph-1023-v2-1024x1024.png\" alt=\"\" class=\"wp-image-3055\" srcset=\"https:\/\/alterdomus.com\/wp-content\/uploads\/2023\/10\/AD-SOFR-Graph-1023-v2-1024x1024.png 1024w, https:\/\/alterdomus.com\/wp-content\/uploads\/2023\/10\/AD-SOFR-Graph-1023-v2-300x300.png 300w, https:\/\/alterdomus.com\/wp-content\/uploads\/2023\/10\/AD-SOFR-Graph-1023-v2-150x150.png 150w, https:\/\/alterdomus.com\/wp-content\/uploads\/2023\/10\/AD-SOFR-Graph-1023-v2-768x768.png 768w, https:\/\/alterdomus.com\/wp-content\/uploads\/2023\/10\/AD-SOFR-Graph-1023-v2-1536x1536.png 1536w, https:\/\/alterdomus.com\/wp-content\/uploads\/2023\/10\/AD-SOFR-Graph-1023-v2-2048x2048.png 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-filter-secondary-color\">Count of Floating-Rate Investments &#8211; Sample of 13 BDCs over the past 4 quarters<\/mark><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><thead><tr><th><strong>Base Rate<\/strong><\/th><th><strong>Q3&#8217;22<\/strong><\/th><th><strong>Q4&#8217;22<\/strong><\/th><th><strong>Q1&#8217;23<\/strong><\/th><th><strong>Q2&#8217;23<\/strong><\/th><\/tr><\/thead><tbody><tr><td>LIBOR-based floaters <\/td><td>1,232<\/td><td>1,117<\/td><td>986<\/td><td>454<\/td><\/tr><tr><td>Non-LIBOR-based floaters<\/td><td><span style=\"text-decoration: underline;\">550<\/span><\/td><td><span style=\"text-decoration: underline;\">769<\/span><\/td><td><span style=\"text-decoration: underline;\">1,005<\/span><\/td><td><span style=\"text-decoration: underline;\">1,555<\/span><\/td><\/tr><tr><td>Total Floaters <\/td><td>1,782<\/td><td>1,886<\/td><td>1,991<\/td><td>2,009<\/td><\/tr><tr><td>LIBOR as a % of Total Floaters<\/td><td>69.1%<\/td><td>59.2%<\/td><td>49.5%<\/td><td>22.6%<\/td><\/tr><tr><td>SOFR-based floaters<\/td><td>507<\/td><td>715<\/td><td>942<\/td><td>1507<\/td><\/tr><tr><td>SOFR as a % of Non-LIBOR<\/td><td>92.2%<\/td><td>93.0%<\/td><td>93.7%<\/td><td>96.9%<\/td><\/tr><tr><td>SOFR as % of Total Floaters<\/td><td>28.5%<\/td><td>37.9%<\/td><td>47.3%<\/td><td>75.0%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p>We\u2019ve currently discussed the recent increased migration efforts that led to a successful migration away from LIBOR, but does that mean all loans refer to an alternative rate? Not quite. Currently, in the same BDC sample as of the end of 2023Q2, 75% of loans reference SOFR. <\/p>\n\n\n\n<p>With regards to the leveraged loans and the CLO market, the results are similar, as 76% of loans reference SOFR (as of August), per LSTA.[4] The reason why these numbers are not 100% is due to contracts that were opened prior to the June 30,2023 deadline that still refer to a LIBOR reference rate. <\/p>\n\n\n\n<p>Since most contracts are 3-months, we should expect to see a considerable amount of loans automatically migrating to SOFR (via the LIBOR act or through the triggering of an amendment). We will continue to track this migration as it nears completion.<\/p>\n\n\n\n<p>Overall, it appears that the transition has gone quite smoothly, thanks to years of thoughtful preparation. Loans that are currently tied to LIBOR will eventually point to an alternative rate once the contracts next renew \u2013 post June 30. <\/p>\n\n\n\n<p>The AARC, which was tasked to determine the proper alternative rates to transition to, will slowly[5] wind down its work, emphasizing that the SOFR should be deemed the best option as the alternative rate given its robust tie to the transaction-heavy treasury market. <\/p>\n\n\n\n<p>Going forward, we will keep readers updated on the status of the remaining loans that still reference LIBOR and hope to look past the migration with a greater sense of triumph.<\/p>\n\n\n\n<p>Sample of BDCs in our study:<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><thead><tr><th>Audax Credit BDC Inc.<\/th><\/tr><\/thead><tbody><tr><td>BlackRock Private Credit Fund<\/td><\/tr><tr><td>BlackRock TCP Capital Corp.<\/td><\/tr><tr><td>Capital Southwest Corp.<\/td><\/tr><tr><td>CION Investment Corp.<\/td><\/tr><tr><td>Fidus Investment Corp.<\/td><\/tr><tr><td>Great Elm Capital <a>Corp<\/a>.<\/td><\/tr><tr><td>Oaktree Strategic Credit Fund<\/td><\/tr><tr><td>Oaktree Specialty Lending Corp<\/td><\/tr><tr><td>Blue Owl Capital Corp.<\/td><\/tr><tr><td>Oxford Square Capital Corp.<\/td><\/tr><tr><td>PennantPark Floating Rate Capital Ltd.<\/td><\/tr><tr><td>Prospect Capital Corp.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p>[1] Alternative Reference Rates Committee<\/p>\n\n\n\n<p>[2] <a href=\"https:\/\/www.newyorkfed.org\/medialibrary\/Microsites\/arrc\/files\/2023\/ARRC-Readout-July-31-2023-Meeting\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.newyorkfed.org\/medialibrary\/Microsites\/arrc\/files\/2023\/ARRC-Readout-July-31-2023-Meeting<\/a><\/p>\n\n\n\n<p>[3] <a href=\"https:\/\/www.lsta.org\/news-resources\/libor-transition-one-two-last-hurrahs\/\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.lsta.org\/news-resources\/libor-transition-one-two-last-hurrahs\/<\/a><\/p>\n\n\n\n<p>[4] <a href=\"https:\/\/www.lsta.org\/news-resources\/libor-cessation-t1-month\/\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.lsta.org\/news-resources\/libor-cessation-t1-month\/ <\/a><\/p>\n\n\n\n<p>[5] <a href=\"https:\/\/www.newyorkfed.org\/medialibrary\/Microsites\/arrc\/files\/2023\/ARRC-Readout-July-31-2023-Meeting\">https:\/\/www.newyorkfed.org\/medialibrary\/Microsites\/arrc\/files\/2023\/ARRC-Readout-July-31-2023-Meeting<\/a><\/p>\n\n\n\n<div class=\"wp-block-group filter-social-sharing-group is-layout-constrained wp-block-group-is-layout-constrained\">\n<ul class=\"wp-block-outermost-social-sharing has-normal-icon-size has-icon-color is-style-logos-only is-content-justification-center is-layout-flex wp-container-outermost-social-sharing-is-layout-598f35b6 wp-block-social-sharing-is-layout-flex\" 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class=\"wp-block-filter-blocks-container filter-more-insights-container\"><div class=\"filter-container\"><div class=\"filter-container-background-image\" style=\"background-position:center center;background-repeat:no-repeat;background-size:cover\"><\/div><div class=\"container\"><div class=\"filter-container--inner filter-block-wrapper\">\n<div class=\"wp-block-filter-blocks-section\"><div class=\"filter-section\"><div class=\"filter-section--inner\">\n<h2 class=\"wp-block-heading has-huge-font-size\" id=\"h-insights\" style=\"margin-bottom:var(--wp--preset--spacing--xl)\">Insights<\/h2>\n\n\n  \n<div class=\"filter-latest-insights-container filter-block-wrapper test\" style=\"\">\n    <div class=\"filter-latest-insights-list-inner order-news-event-news\">\n\n        <article class=\"filter-single-insight-item\">\n  <div class=\"filter-single-insight-item-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"652\" src=\"https:\/\/alterdomus.com\/wp-content\/uploads\/2023\/09\/Technology-man-holding-ipad-showing-data-1024x652.jpg\" class=\"attachment-large size-large\" alt=\"technology man holding iPad showing data scaled\" srcset=\"https:\/\/alterdomus.com\/wp-content\/uploads\/2023\/09\/Technology-man-holding-ipad-showing-data-1024x652.jpg 1024w, https:\/\/alterdomus.com\/wp-content\/uploads\/2023\/09\/Technology-man-holding-ipad-showing-data-300x191.jpg 300w, https:\/\/alterdomus.com\/wp-content\/uploads\/2023\/09\/Technology-man-holding-ipad-showing-data-768x489.jpg 768w, https:\/\/alterdomus.com\/wp-content\/uploads\/2023\/09\/Technology-man-holding-ipad-showing-data-1536x979.jpg 1536w, https:\/\/alterdomus.com\/wp-content\/uploads\/2023\/09\/Technology-man-holding-ipad-showing-data-2048x1305.jpg 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/div>\n  <div class=\"filter-single-insight-item-inner\">\n    <div class=\"filter-primary-post-term\"> Analysis<span class=\"dot\"><\/span>November 26, 2025 <\/div>\n    <h4 class=\"filter-single-insight-item-title\">Operational equity, powered by technology<\/h4>\n    <div class=\"filter-single-insight-item-link wp-block-buttons is-layout-flex\">\n      <div class=\"wp-block-button is-style-arrow\"> <a href=\"https:\/\/alterdomus.com\/insight\/operational-equity-powered-by-technology\/\" class=\"wp-block-button__link has-filter-secondary-color has-text-color wp-element-button\">Read article<\/a> <\/div>\n    <\/div>\n    <a class=\"stretched-link\" href=\"https:\/\/alterdomus.com\/insight\/operational-equity-powered-by-technology\/\" aria-label=\"Click to read Operational equity, powered by technology\"><\/a> <\/div>\n<\/article>\n<article class=\"filter-single-insight-item\">\n  <div class=\"filter-single-insight-item-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"615\" src=\"https:\/\/alterdomus.com\/wp-content\/uploads\/2025\/08\/Corporate-Image-3-1024x615.png\" class=\"attachment-large size-large\" alt=\"\" srcset=\"https:\/\/alterdomus.com\/wp-content\/uploads\/2025\/08\/Corporate-Image-3-1024x615.png 1024w, https:\/\/alterdomus.com\/wp-content\/uploads\/2025\/08\/Corporate-Image-3-300x180.png 300w, https:\/\/alterdomus.com\/wp-content\/uploads\/2025\/08\/Corporate-Image-3-768x461.png 768w, https:\/\/alterdomus.com\/wp-content\/uploads\/2025\/08\/Corporate-Image-3.png 1386w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/div>\n  <div class=\"filter-single-insight-item-inner\">\n    <div class=\"filter-primary-post-term\"> Analysis<span class=\"dot\"><\/span>November 24, 2025 <\/div>\n    <h4 class=\"filter-single-insight-item-title\">Illiquid, Not Inaccessible: How Fund Operations are Catching Up with Investor Demand<\/h4>\n    <div class=\"filter-single-insight-item-link wp-block-buttons is-layout-flex\">\n      <div class=\"wp-block-button is-style-arrow\"> <a href=\"https:\/\/alterdomus.com\/insight\/illiquid-not-inaccessible-how-fund-operations-are-catching-up-with-investor-demand\/\" class=\"wp-block-button__link has-filter-secondary-color has-text-color wp-element-button\">Read article<\/a> <\/div>\n    <\/div>\n    <a class=\"stretched-link\" href=\"https:\/\/alterdomus.com\/insight\/illiquid-not-inaccessible-how-fund-operations-are-catching-up-with-investor-demand\/\" aria-label=\"Click to read Illiquid, Not Inaccessible: How Fund Operations are Catching Up with Investor Demand\"><\/a> <\/div>\n<\/article>\n<article class=\"filter-single-insight-item\">\n  <div class=\"filter-single-insight-item-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/alterdomus.com\/wp-content\/uploads\/2025\/09\/AD-colourMod-shutterstock_2507183429-1024x683.jpg\" class=\"attachment-large size-large\" alt=\"\" srcset=\"https:\/\/alterdomus.com\/wp-content\/uploads\/2025\/09\/AD-colourMod-shutterstock_2507183429-1024x683.jpg 1024w, https:\/\/alterdomus.com\/wp-content\/uploads\/2025\/09\/AD-colourMod-shutterstock_2507183429-300x200.jpg 300w, https:\/\/alterdomus.com\/wp-content\/uploads\/2025\/09\/AD-colourMod-shutterstock_2507183429-768x512.jpg 768w, https:\/\/alterdomus.com\/wp-content\/uploads\/2025\/09\/AD-colourMod-shutterstock_2507183429-1536x1024.jpg 1536w, https:\/\/alterdomus.com\/wp-content\/uploads\/2025\/09\/AD-colourMod-shutterstock_2507183429-2048x1366.jpg 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/div>\n  <div class=\"filter-single-insight-item-inner\">\n    <div class=\"filter-primary-post-term\"> Analysis<span class=\"dot\"><\/span>November 6, 2025 <\/div>\n    <h4 class=\"filter-single-insight-item-title\">Bridging the ABOR\/IBOR Gap: \nWhat Endowments and Foundations Operations Leaders Really Need<\/h4>\n    <div class=\"filter-single-insight-item-link wp-block-buttons is-layout-flex\">\n      <div class=\"wp-block-button is-style-arrow\"> <a href=\"https:\/\/alterdomus.com\/insight\/bridging-the-abor-ibor-gap-what-endowments-and-foundations-operations-leaders-really-need\/\" class=\"wp-block-button__link has-filter-secondary-color has-text-color wp-element-button\">Read article<\/a> <\/div>\n    <\/div>\n    <a class=\"stretched-link\" href=\"https:\/\/alterdomus.com\/insight\/bridging-the-abor-ibor-gap-what-endowments-and-foundations-operations-leaders-really-need\/\" aria-label=\"Click to read Bridging the ABOR\/IBOR Gap: \nWhat Endowments and Foundations Operations Leaders Really Need\"><\/a> <\/div>\n<\/article>\n            <\/div>\n<\/div><\/div><\/div><\/div>\n<\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":1562,"template":"","cat-insight-type":[142],"cat-sectors":[11],"cat-services":[],"class_list":["post-3026","insights","type-insights","status-publish","has-post-thumbnail","hentry","cat-insight-type-analysis","cat-sectors-private-debt"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.2 (Yoast SEO v26.2) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Post-LIBOR transition update - Alter Domus<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/alterdomus.com\/insight\/post-libor-transition-update\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Post-LIBOR transition 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