New ACT Borrower's guide to the LMA's recommended forms of facility agreement for loans referencing risk-free rates

On 30 March, the LMA published finalised versions of its forms of facility agreement for loans referencing RFRs as part of its library of recommended forms (the RFR templates). The new templates, which have been in circulation for some time as exposure drafts, were published just in advance of the 31 March deadline set by the Working Group on Sterling Risk-Free Reference Rates for the cessation of sterling LIBOR loans extending beyond the end of 2021.