BAT looks to Shell Sofr-linked loan for inspiration

Mariam Meskin

March 05, 2020 11:30 am

Adobe_tobacco_230x150_5March2020 — Macro View of the cigarettes and tobacco stack. The tobacco plant is part of the genus nicotiana and of the solanaceae (nightshade) family. Close up with copy paste space, in the gray background | Aleksandre Pakauri/A.P Photography - stock.adobe.com

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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Syndicated Loans UK Europe Investment Grade Loans Barclays EMEA

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Mariam Meskin