LIBOR Primer

Like Y2K, but for real

Orrick and others in the market have published extensively on the LIBOR transition, with detailed analyses of the challenges surrounding a transition to SOFR, as well as the suggested legislative and market solutions. We realize, however, that some people are joining the conversation just now, or have a need for a more high level understanding of the issues. Orrick’s LIBOR Primer is intended as a brief introduction to the LIBOR transition issues.