Facility agreements: SONIA drafting considerations | Practical Law

Facility agreements: SONIA drafting considerations | Practical Law

This practice note provides an overview of the conventions recommended by the Working Group on Sterling Risk Free Reference Rates for sterling loans based on SONIA compounded in arrears (SONIA Loan Market Conventions). It also discusses other considerations relevant when drafting or reviewing a facility agreement where interest is calculated on that basis.

Facility agreements: SONIA drafting considerations

Practical Law UK Practice Note w-029-3371 (Approx. 15 pages)

Facility agreements: SONIA drafting considerations

MaintainedEngland, Wales
This practice note provides an overview of the conventions recommended by the Working Group on Sterling Risk Free Reference Rates for sterling loans based on SONIA compounded in arrears (SONIA Loan Market Conventions). It also discusses other considerations relevant when drafting or reviewing a facility agreement where interest is calculated on that basis.