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08/16/2017

Elimination of LIBOR is a dramatic event for the financial markets

The elimination of LIBOR is a dramatic event for the financial markets.  A new standard is set to replace the 50-year old benchmark underlying more than $3.8 trillion in the tax-exempt municipal markets.  If your Life Plan community has bank debt outstanding or is contemplating bank debt, you will be directly impacted, so members are encouraged to contact their bankers or LeadingAge Ohio partner BB&T for additional information.  Feel free to call anyone on our team if you want additional color on this. 

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