“With regard to references to Libor in the above documents, LIBOR has been determined to cease on June 30, 2023. As such, the United States Congress passed a law (“Adjustable Interest Rate (LIBOR) Act of 2021” – link below) that creates fallback language in the event that such language wasn’t already prescribed in a security’s or loan’s documentation.”

https://www.congress.gov/bill/117th-congress/house-bill/4616/text

“For example, the floating rate on a 3mL based security becomes 3m Term SOFR + 26.161 basis points (see Section 3.16.C of the act).”