Today's LIBOR Rates
July 28, 2010
1 M |
0.31563 |
 |
3 M |
0.47500 |
|
6 M |
0.68794 |
|
1 YR |
1.06438 |
|
FREE Newsletter
Sign up below to receive our free LIBOR newsletter.
Recommended Links
 |
UDR Obtains LIBOR-Based Term Loan |
December 16, 2009
According to a company press release, UDR, a real estate investment trust, has obtained a $100 million term loan with rates based on LIBOR, the London Interbank Offered Rate. LIBOR is a filtered average of rates that banks charge each other for unsecured, short-term loans.
The new term loan has been combined with funds from a $600 million unsecured credit facility to repay a previous $240 million term loan. Cost of funds on the new term loan is LIBOR plus 350 basis points, creating a current all-in rate of 3.73%. Payments on the new LIBOR-based loan are interest-only through its maturity in July 2012 with identical covenants to the term loan that has now been repaid.