medium · Debt Capital Markets
A leveraged buyout is funded with a Term Loan B (TLB) that features a 0.50% SOFR floor.
If the LIBOR-SOFR basis swap is trading at 26 bps, what is the 'economic equivalent' LIBOR floor for this loan?
- 0.24%
- 0.50%
- 0.76%
- 1.26%
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