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Transaction Services
Facility Agent/Loan Administration
Stronghold provides loan administration/facility agent services for syndicated loan/facilities and debt capital market issuances, the scope typically covered by Stronghold to fulfil its duties are as below:
- Maintenance of the register of lenders throughout the life of the loan
- Calculation of interest, with rate-set notices sent to borrower and lender(s) as necessary
- Receiving compliance certificates from the borrower.
- Confirming Condition Precedents (CPs) at closing.
- Coordinating payments of principal from lender(s) to borrower on closing, and from borrower to lender(s) during the life of the loan and/or on maturity,
- Coordination and administration of Payments of interest from borrower to lender(s) throughout the life of the loan
- Processing any transfers throughout the life of the loan, including all relevant payments, documentation and updating of the register
- Acting on behalf of the lender(s) with regards any communication with the borrower, if necessary
- Coordinating waterfall payments, if necessary
- Processing of any waivers that may occur during the life of the loan, including review of the documentation and execution.
Calculation Agent
As a calculation agent, we perform the calculation of interest payable by the issuer of securities to investors as calculation agent we typically have a few responsibilities, including but not limited to:
- Calculating the interest payments that are due to investors
- Calculating the principal payments that are due to investors
- Calculating the amount of principal that is available for distribution to investors
- Keeping records of all payments that are made to investors
- Communicating with investors about payments