LIBOR transition and SOFR loans: answers to frequently asked questions

Written by: Lv Yinghao, Richard Mazzochi, Dale Rayner, David Lam, John Shum, Anne-Marie Neagle, Minny.Siu, Du Rui, Andrew Fei KWM Hong Kong Office

Now is the time for lenders and borrowers to focus on LIBOR transition.  Based on KWM’s extensive experience in representing APLMA, major banks and corporates (including international and PRC-based) on their LIBOR transition projects, below are our answers to some frequently asked questions about USD LIBOR and Secured Overnight Financing Rate (SOFR) loans.