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Our Key Functions
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Acting as Security Agent on behalf of the syndicate |
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Loan closing and settlement at the point of origination, acquisition, or transfer with a dedicated single point of contact |
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Acting as the conduit between the borrower and all syndicate participants, including communicating with all approved parties |
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End-to-end loan administration, including maintaining positions and register, calculating and distributing payments, processing assignments and transfers |
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Ensuring compliance with governing documents and underlying loan covenants |
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Over the past 12-18 months, Europe
has seen an upsurge in the level of
direct lending mainly led by funds and
other non-financial institutions. With
increased levels of regulatory capital
required by banks to hold assets, there
has been continued constraints in the
level of credit provided. Specialist
lenders and funds have moved to fill
this vacuum, in particular targeting the
higher yielding mezzanine and junior
levels of the capital structure.
“We’re starting to see a variety of
different clients enter the European
lending market, either through funds or
via small club deals” said Emma Hamley,
Vice President, Business Development,
Europe. “Our U.S. business has grown
vastly and we are gaining ground in
Europe as confidence returns to certain
sectors or the markets”.
U.S. Bank Global Corporate Trust
Services has taken advantage of this
trend by utilising their expertise in
administering leveraged loans within
CLOs. “Not only do we have the
infrastructure in place to administer cash
flows (such as CDO Suite’s latest loan
administration platform), but also |
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Specialist Lending
Requires Specialist Services
have vast experience holding and enforcing
security on the trustee side. Combining
both of these skill sets puts us in a
strong position to provide services in
this space” said Rebecca Lewis who
leads the Loan Agency Relationship
Management team.
U.S. Bank Global Corporate Trust
Services has built strong relationships
with lenders both in Europe and in the
U.S., fulfilling a variety of roles such
as Facility and Security Agent, Loan
Administrator and Custodian across a
diverse range of loan structures.
Please contact us for more information
and see how we can assist on your next
transaction.
Interested in learning more about
U.S. Bank Global Corporate Trust
Services? Visit us online at
usbank.com/corporatetrust.
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