For a company whose main business is sth other than finance, it would make sense to just swap float into fixed and not to gamble on any of the many possible states of the world that may arise in the future. The low inflation recession period is not a sure thing...so you end up paying premium for a floor that hedges sth that may or may not come real. Actually, a high inflation recessionary period is just as likely...in which case you would be happier just paying fixed. My advice is to leave the gambling to those who are in the business of gambling (traders, money managers, etc) and to ignore whatever your sales contact at goldman, merrill, etc is trying to sell you on top of what you actually need. Sales people are full of it and they always try to confuse you...so dont listen to them.