Sept. 22 - No LIBOR extension, Gensler says | CFOs could benefit as investors flock to continuation funds
Gensler warns no extension coming to LIBOR's end on Dec. 31; Logistics startup Transfix to go public via SPAC; Trump Organization CFO appears before New York Supreme Court; Companies seek out loans tying repayment costs to ESG performance
Some institutions will wait until the last minute to switch from LIBOR to a new reference rate, SEC Chair Gary Gensler predicted, leading to some “choppy” trading toward the end of 2021.
The transaction would give Transfix more financing options, including for mergers and acquisitions, but the company’s main focus is on organic growth, CFO Christian Lee says.
Forecasting cash flow is hard under the best conditions, but when the pandemic hit it became nearly a guessing game. Explore the strategies top CFOs are implementing to forecast in this Trendline: Access now.
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