Margin on LIBOR/EURIBOR/etc.
I am working on a model an equity research model for a company which has term loans with bullet repayment, and interest rates of "margin (2%) + LIBOR".
Does anyone know what LIBOR is correct/most commonly used as base rate, in terms of 1 month, 3 months, etc.?
It should list the base rate in the indenture
Thx - it only identified LIBOR, but not which LIBOR.
That is sloppy then...
Typically 3 month LIBOR.
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