Facility Agent Services

In addition to paying agent duties and often in conjunction with Security Agent services, we perform certain administrative duties relating primarily to record keeping/tracking of loan proceeds and collecting of compliance documentation. We also monitor report on and track certain covenant requirements under the financing arrangement and follow document requirements, receive items from issuers/obligors, and send courtesy reminders to issuers/obligors. We manage a tickler system to track what continuing documentation, reports and certificates need to be provided (these are built in protections for lenders, agreed upon prior to bond issuance) for example Insurance certificates, Statements of Compliance, Budgets and Projections, Management Accounts, Change in authorised signatories, Annual disclosure reports etc.