Today's LIBOR Rates
September 3, 2010
1 M |
0.25781 |
 |
3 M |
0.29281 |
|
6 M |
0.49363 |
|
1 YR |
0.83488 |
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March 12, 2010
According to Dow Jones, German healthcare company Fresenius SE has negotiated lower terms on a LIBOR-based loan. LIBOR stands for London Interbank Offered Rate and is a filtered average of rates that banks charge each other for short-term, unsecured loans.
Improvements in Fresenius’ debt ratios coupled with an improving debt market compelled the company’s lenders to reduce the interest rate on its $1.2 billion term loan. Originally negotiated in 2008 at LIBOR plus 3.5% with a LIBOR floor of 3.25%, Fresenius’ loan will now have cost of funds of LIBOR plus 3% with a LIBOR floor of 1.5%