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Loan Administration

Loans involving multiple lenders are often complex and operationally onerous. It can be difficult to keep on top of cash flows, transfers and communications between borrower and lenders, and to ensure the loan administration is kept up-to-date.

Looking to ease your administrative burden?

As the borrower, you can ease the administrative burden of your syndicated loan by appointing an independent loans facility agent.

A facility agent, security agent or collateral agent acts as the primary point of contact between the transaction parties to a syndicated loan. They are appointed to manage the communication between the borrower and the lenders, as well as handle the flow of funds.

The facility agent will also calculate the regular interest payments due to lenders in line with the transaction documentation governing the terms of the loan, and provide general administration services in relation to the loan facility.

While a facility agent can help in most syndicated loan administration, you will need to appoint a conflict-free security trustee if it’s a secured loan. This means the appointment of the facility agent is a key decision for parties to a loan-based transaction.

Read more: 'Explored: The Role of a Facility Agent'

 

What we do

Ocorian's loan administration team combines extensive market experience and first-class IT infrastructure to provide independent third-party facility agent services for new transactions, as well as successor facility agent services for existing transactions.

With no other commercial interest in the transaction, we offer a truly independent service and are able to operate in a conflict-free environment.

Our new business approval process is streamlined, enabling us to promptly assess a transaction and respond to client needs in a market where speed and flexibility are paramount.

Providing a dedicated deal team per transaction means we help our clients to benefit from first-class service and rapid turnaround times.

Our team has specialist expertise in the aviation, private equity, project finance, real estate and shipping industries.

Meet us at Global ABS 2019!

Ocorian are proud to be sponsoring this year's Global ABS conference in Barcelona, Spain on 11-13 June 2019.

To learn more and/or arrange a meeting with one of our team, please click here.  

Connect with us

Alan Ross

Director - Corporate & Institutional

United Kingdom

See bio
Sinead McIntosh

Associate Director - Product Development

United Kingdom

See bio