Ankura Trust specializes in providing loan administrative agent services for:

• Stressed and distressed situations as successor agent
• New credit facilities arranged by traditional and alternative lenders.

Our team has extensive experience as both lender (par and non-par) and administrative agent. We have led loan syndicates through the entire spectrum of lender related activities from origination to simple waivers and amendments through full blown restructurings.

As former principals, we are acutely aware of the importance of ongoing portfolio monitoring and review. We take a ‘mind the shop’ approach to loan agency services which we believe is unique to the marketplace in that we will monitor the financial performance of the borrower, proactively monitor covenants, test covenant calculations, and raise challenges when appropriate to ensure compliance with the loan agreement. This approach provides numerous benefits to lenders, including instilling confidence that their capital is protected and/or providing them with the option to remain free from receiving MNPI and therefore trading restrictions, should they so choose.

We offer services across a variety of corporate loans, such as:

• First and second lien term loans
• Revolving credit facilities
• Uni-tranche
• Bridge facilities
• Rescue financings
• Debtor-in-possession (DIP) facilities
• Exit financings

Ankura Trust’s loan administrative agent team also provides all of the administrative services typically required for broadly syndicated loans and club deals, including:

• Processing principal and interest payments
• Monitoring covenants
• Calculating rate resets
• Handling utilization requests
• Coordinating amendments, consents, and waivers
• Expediting communications with third parties
• Collateral agent services
• Data site administration and maintenance
• Processing trading assignments