Debtwire Middle-Market – 9/30/2019

Lenders push for higher Libor floors
in the face of interest rate cuts


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Source: Debtwire Par

Recent interest rate cuts by the Federal Reserve has prompted lenders to request higher Libor floors on leveraged loans. Earlier this month, the Federal Reserve cut interest rates by 25bps for the second time in 2019, and 3-month Libor now stands at 2.09%, down from 2.81% at the start of the year.