Credit Spread Adjustment and Rate Floor Tracker (2025)

Summary

This credit spread adjustment tracker identifies certain key benchmark rate terms in new publicly filed loans, including credit spread adjustments for SOFR loans and interest rate floors. The ARRC recommended using the five-year historical median difference between LIBOR and SOFR (set on March 5, 2021) as the default spread adjustment. However, most recent deals have trended away from using the ARRC's recommended spread adjustment. This tracker is updated as needed.