Loan and Bond Restructuring Services

Trusted independent provider of commercial agent or trustee services in restructurings.

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The market for independent agents and trustees emerged after the 2007 financial crisis. Conflicted bank lenders who traditionally acted as agent and trustee on transactions were trading out of their loan positions and distressed funds were trading in. Independent agents and trustees were brought in to replace the outgoing agents.

Having a competent, responsive, and non-conflicted agent in place is critical to ensuring the successful facilitation of a debt restructuring. Our highly experienced Kroll Agency and Trustee Services team is well versed in every aspect of these engagements.

Clients choose Kroll to serve as commercial agent or trustee in restructurings to successfully implement all manner of consensual and non-consensual restructuring strategies including the following steps and services:

  • Mandate Discussion
    We work closely with advisors, creditor groups and their legal representatives to define and facilitate our role in a restructuring.
  • Fee Proposal
    We provide committed fees on the same day of inquiry, and always within a 24-hour timeframe.
  • Team Allocation
    Upon engagement, we assign dedicated transaction management, execution, and KYC/onboarding staff to the project to begin work immediately.
  • Documentation Review
    Alongside legal counsel, our team reviews all finance documents. With our depth of experience acting as the successor agent and/or trustee on a vast array of complex restructurings, our review process is fast and efficient, ensuring our comments are focused and commercial in nature.
  • Post Appointment
    Our team of experts will perform the operational functions of the agent and/or trustee and implement the agreed upon restructuring strategy under the direction and indemnification of the creditors.
  • Lender/Loan Positions
    Our team will update our system of record with lender commitments, loan drawings and interest accruals. We will notify parties of amounts due under the loan – including default interest – and receive amounts due from the borrower under the credit agreement and pay the parties. We will always quickly process the transfer of positions between lenders.
  • Loan Administration
    We manage requests for waivers, amendments and other consents required to implement the restructuring strategy – coordinating with all principals and ensuring financial information and other deliverables are distributed amongst the parties.
  • Enforcing
    If required, we will undertake enforcement of security on behalf of lenders and/or creditors. Our team will collect enforcement proceeds and distribute to the parties in accordance with the waterfall and/or restructuring agreements.
  • Post Restructuring Financing
    Our team acts as agent and/or trustee on post scheme financings.
 

Our Team Stands Ready to Support Your Loan and Bond Restructuring Needs

Our highly experienced Agency and Trustee Services team is well versed in every aspect of loan and bond restructuring engagements. Contact us for a quote today.

Connect with us
Emma Hamley
Emma Hamley
Managing Director
Agency and Trustee Services
London
Phone
John Traynor
John Traynor
Managing Director
Agency and Trustee Services
London
Phone
Paul Barton
Paul Barton
Managing Director
Agency and Trustee Services
London
Phone

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