Please join us on Thursday, September 30, 2021, for "Market Update: The End of LIBOR and the Transition to Successor Interest Rate Benchmarks."
Beginning with the UK Financial Conduct Authority’s 2017 announcement expressing concern about the continued viability of LIBOR as an interest rate benchmark through the more recent announcement in March of this year by the Intercontinental Exchange that it will cease to publish all tenors of LIBOR no later than June 30, 2023, the U.S. financial markets have made extraordinary progress to identify alternative interest rate benchmarks and promote an orderly transition from LIBOR to one or more successor benchmarks. This webinar presentation and panel discussion will provide a brief overview of the current state of LIBOR, how financial markets are addressing the transition to new interest rate benchmarks, and which benchmarks have gained the most traction among market participants.
Paul Dombroski is a Partner in HuschBlackwell’s Madison, Wisconsin office, focusing his practice on the Financial Services and Capital Markets industry. For more than 20 years, he has assisted real estate clients with the acquisition, development and disposition of their properties, and he frequently advises clients on construction, annexation, zoning and land use matters. He devotes a significant portion of his practice to commercial finance matters, including those involving New Markets Tax Credits (NMTC), Low Income Housing Tax Credits (LIHTC), Historic Tax Credits (HTC), tax increment financing (TIF), HUD financings, mortgage lending, workouts and other commercial loans. Paul has been named to The Best Lawyers in America®, Banking and Finance Law, Real Estate Law, Land Use and Zoning Law; Madison Lawyer of the Year, Banking and Finance Law; and Madison Lawyer of the Year, Land Use and Zoning Law, 2020 and Wisconsin Super Lawyers. He holds a B.A. and the J.D. from the University of Iowa.
Jai Khanna Partner HuschBlackwell
Jai Khannarepresents clients in complex financing transactions, including conventional and renewable energy power generation facilities. A partner in Husch Blackwell’s Energy & Natural Resources industry group, Jai is a veteran finance lawyer with significant project finance experience. He represents sponsors and developers, lenders, investors, contractors and service providers on major projects and has particular experience in the area of renewable energy. Jai’s finance background is broad-based and comprehensive, having led teams on senior and mezzanine secured and unsecured loan facilities as well as single and multi-investor leveraged and non-leveraged finance and lease transactions involving manufacturing equipment, transportation assets, and other tangible and intangible assets. In addition to traditional bank lending and project finance, Jai advises clients on the securitization of a variety of financial asset classes (including loans, leases, receivables and payment intangibles) in both the conduit and term markets. He holds a B.S. from Northwestern University, and the J.D. from Washington University in St. Louis School of Law.
Charlie Shelton (Moderator)
Charlie Shelton is a partner with Hayward PLLC – a bankruptcy and commercial litigation firm with offices in Dallas and Austin. Prior to entering into private practice, Mr. Shelton was an Assistant Attorney General for the Texas Attorney General’s Office and worked in their Bankruptcy Regulatory Section primarily on complicated Chapter 11 matters. Before joining the Attorney General’s Office, Mr. Shelton clerked for the Honorable Raymond T. Lyons in the United States Bankruptcy Court for the District of New Jersey. Mr. Shelton obtained his J.D. from Rutgers School of Law and his B.A. in Economics from the University of Colorado at Boulder.