BAT looks to Shell Sofr-linked loan for inspiration

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BAT looks to Shell Sofr-linked loan for inspiration

Mariam Meskin
March 05, 2020 11:30 AM
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British American Tobacco is considering switching its existing revolving credit facility from Libor to Sonia, following Royal Dutch Shell’s trail-blazing Sofr-linked syndicated loan last year. The move would demonstrate a more galvanised move away from Libor in the loan market.

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