OLP Group can provide agency roles globally. As an independent service provider we’re able to deliver a conflict-free service for the benefit of borrowers, lenders and other transaction parties. We provide agency services to support a wide variety of transactions including syndicated loans, escrows, corporate bonds, project finance and a wide range of structured finance products.
The facility agent is appointed by the lenders and is responsible for the flow of funds and information through the transaction. The facility agent coordinates loan drawdown; calculates interest on loan style floating rate notes collects and distributes interest and principal; and represents lenders in monitoring and reminding the borrower of their covenant obligations.
A security agent is appointed to take responsibility for the legal pledging of security to a debt obligation. Security agent roles are seen on syndicated loans, bilateral loans and secured corporate bonds. Common security pledged includes shares, cash, plant & machinery and land. TMF Group is able to offer security agent services either on a stand-alone basis, or in conjunction with a broader suite of agency services in support of both bond and loan transactions.