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Loan / Credit Facility Backed Securities

Facility Agent

 

Acts as a facilitator between the lenders and the borrowers. The agency services depend upon the transaction structure but mainly includes the following:

  • Monitoring compliance of pre-execution and post-execution conditions governing terms and conditions of credit facility

  • Co-ordinate with Account Bank for timely fund transfer and Security Trustee for security creation

  • Interest rate fixation, calculation and payouts

  • Review TRA/ Escrow structure, issue instructions to the account bank and carry out duties as defined in the agreement

  • Follow up with the borrower for reports / statements / compliance documents for dissemination of information to lenders

  • Monitor compliance of insurance and progress of project

  • Convening meeting of counter parties in connection with waiver / modification / default in the facility terms

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