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Past Event
31 March 2016


  • Kiel A. Bowen
    T +1 704 444 3692
  • Adam C. Wolk
    T +1 212 506 2257

Treatment of Potential Negative LIBOR in Credit Agreements

In today’s low interest rate environment, financial institutions are increasingly interested in the effects that negative rates could have on loan facilities that bear interest based on floating rates. Recently, some lenders have recognized the possibility of London Interbank Offered Rate (LIBOR) being negative and, following an established practice in Europe, are requiring that new credit agreements have a “zero floor.” But this fix only addresses new agreements. Please join Mayer Brown partners Kiel Bowen and Adam Wolk as they discuss the remaining issues regarding credit agreements signed before adoption of the “zero floor” convention and how a negative LIBOR would be treated under these agreements.

For additional information, please contact .

Mayer Brown’s Global Financial Markets Initiative helps clients deal with the legal and business challenges resulting from the ongoing turbulence in worldwide financial markets. By mobilizing the firm’s global resources from multiple practices and offices, the initiative provides clients with knowledgeable and timely counsel on a broad spectrum of their legal needs.

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