BAT looks to Shell Sofr-linked loan for inspiration
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.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article: