As security trustee, we will:Hold security on behalf of one or more creditors Act as a gatekeeper for underlying security, amendments and waiversAssist in taking actions in case of changes and defaults or enforcements

We will act as the primary point of contact between the borrower and lenders, and managing all communication and cashflows between all relevant parties. This includes: Receiving and allocating principal and interest on the loan and communicating them to the borrower and lender as requiredSetting up and maintaining the details of each loan to record principal and interest payments (receipts), coupon resets and confirming interest amountsProviding general loan administration services in relation to the loan facilityAssisting with the fulfilment of all conditions precedent to financial closeProcessing utilisation requests, interest rate fixes, payment of interest, principal and feesCo-ordinating communication between the lenders and the borrower, including amendments, consents and waiverExpediting communications with third parties, including lawyers and other professional advisorsMonitoring the overall available commitment for the facility and per lender.Monitoring borrower covenants by ensuring compliance with the terms of the transaction documentation

As paying agent, we will:Manage both ad hoc and scheduled cashflow management, as well as transfers between borrowers and lenders.Assist in disbursement of funds on closing, interest payments, amortisations and repayment.Lender of record management and associated cash management.

Direct Lending and Syndicated Loan Services

Loan agency services for direct lending transactions

The continued withdrawal of banks from mid-market corporate financing has left a huge gap that direct lending seeks to fill.

While funds make direct lending deals for the benefit of their investors, overseeing and administering those deals is a complex and resource-intensive operation.

That’s where Ocorian comes in. We provide standalone roles or a full loan agency service including facility (administrative) agent and security trustee (collateral agent) services to private debt funds, asset managers and lenders.

Our team of banking and finance professionals have experience working through complex debt scenarios and credit cycles.

We harness our expertise and utilise market leading loan software platform to manage the administration of even the most complex of direct lending portfolios, leaving you free to focus on the work that matters most to you.

Our direct lending team can help you

Direct lending services

Security trustee

As security trustee, we will:

Hold security on behalf of one or more creditors
Act as a gatekeeper for underlying security, amendments and waivers
Assist in taking actions in case of changes and defaults or enforcements

Loan facility agent

We will act as the primary point of contact between the borrower and lenders, and managing all communication and cashflows between all relevant parties.

This includes:

Receiving and allocating principal and interest on the loan and communicating them to the borrower and lender as required
Setting up and maintaining the details of each loan to record principal and interest payments (receipts), coupon resets and confirming interest amounts
Providing general loan administration services in relation to the loan facility
Assisting with the fulfilment of all conditions precedent to financial close
Processing utilisation requests, interest rate fixes, payment of interest, principal and fees
Co-ordinating communication between the lenders and the borrower, including amendments, consents and waiver
Expediting communications with third parties, including lawyers and other professional advisors
Monitoring the overall available commitment for the facility and per lender.
Monitoring borrower covenants by ensuring compliance with the terms of the transaction documentation

Bond trustee

As bond trustee, we will provide a suitably qualified individual or a team to solely represent the investors, noteholders and creditors in a structure.

We will consult with them, as required, and exercise their view in any issues or disputes and ensure the issuer complies with its obligations under the indenture.

Paying agent

As paying agent, we will:

Manage both ad hoc and scheduled cashflow management, as well as transfers between borrowers and lenders.
Assist in disbursement of funds on closing, interest payments, amortisations and repayment.
Lender of record management and associated cash management.

Listing agent

We will act as a liaison between the issuer and the stock exchange.

We can act as listing agent for securities on the Bermuda and Cayman Islands stock exchanges.

Escrow agent

We will act as an independent escrow agent to hold your assets securely in escrow and distribute them according to your instructions or the terms of your transaction agreement.

A window into your loan portfolio

Ocorian OPTICs is an interactive, data analytics reporting and dashboard tool that provides near real-time access to the performance of your loan portfolio.

It gives full, near-time oversight of the users’ transactions and individual commitments, assets, loan and debt types in a user-friendly form.

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Why Ocorian?

Dedicated restructuring and defaults specialists

Our in-house legal and sector specific expertise allows us to efficiently navigate contentious and non-contentious situations in conjunction with our network of trusted industry professionals.
Experience across global jurisdictions

Our team has extensive experience of dealing with complex / distressed situations, security enforcements and restructurings across multiple jurisdictions.
Focus and independence

As we are not the lender or creditor, you can rely on us for our focus, independence and responsive actions.
Highly responsive

Our trustee team provide efficient KYC services for fast onboarding of deals, act as an integral part of the deal team and are highly responsive to the needs of the creditors and transaction.