Facility Agency/Security Trustee
Establish mutually beneficial relationships among stakeholders in syndicated loans by making SBC Trust your Facility Agent. Inquire now
Overview
Facility Agency refers to agency agreements usually created in view of the loan facility extended by a syndicate of lenders, whereby the Facility Agent represents the interests of the lenders with respect to the repayment of the borrower under the terms of the loan agreement.
SBC TAMG as the Facility Agent administers and services the requirements of the syndicated lenders with respect to ensuring that the Borrower complies with the Conditions Precedent to loan drawdowns, sets interest rate for the lenders, facilitates the payment to the lenders and monitors the Borrower’s compliance to Covenants under the Facility Agreement.
How can we help?
- Ensure all conditions precedent to the loan facility release are complied with by all parties.
- Promptly send to each Lender/Noteholder regular or any other such documents, requests or communications that the Borrower and/or any or all Lenders/Noteholders may transmit to other party/s from time to time.
- Execute and record any transfers of Notes (from seller to buyer) during the term of the Loan.
- Maintain in its books, a record of the outstanding Lenders/Noteholders and their corresponding amounts of participation.
Benefits
Single Point of Contact
Save time and money by letting us deal with other parties.
Contract Expertise
Consult with SBC TAMG on understanding the terms and conditions and interpretation of provisions of the Loan Facility Agreements.
Technical Review
Review condition precedents to loan drawdowns and other covenants.
Debt Payment Servicing
We’ll take care of the calculation, collection, and distribution of loan payments and interest.
Required Documents
- Articles of Incorporation and by-Laws
- SEC Registration
- Cover Facility Agreement designating SBC Trust as Facility/Paying Agent and Security Trustee
- Customer Information Form
- Universal Specimen Signature Card
- Government Issued IDs of Authorized Signatories
- Latest General Information Sheet (GIS)
- Secretary’s Certificate/Board Resolution
What our clients say about our investment products and services
SB Trust’s professionalism and understanding of complex transaction requirements were critical to the successful implementation of our loan agreements. The Nexif Ratch Group appreciates their valuable contributions to our projects.
Nexif Ratch for the Calabanga Renewable Energy and Negros Philippines Solar Inc.
Security Bank client since 2023
We appreciate the outstanding service provided by Security Bank – Trust and Asset Management Group (TAMG) in their role as Facility Agent and Security Trustee. Their professionalism and attention to detail have been instrumental in facilitating our transactions and safeguarding our interests. The Security Bank team has consistently demonstrated reliability, dedication, and a strong work ethic—qualities that make them a trusted partner of MGEN in our financial undertakings.
Meralco PowerGen Corp.
Security Bank client since 2024
Working with Security Bank Corporation on the Nationwide Digital Connectivity Project is an exciting collaboration. This initiative will significantly enhance the Philippines’ digital infrastructure. With Security Bank’s Trust and Asset Management Group acting as the Onshore Security Agent, we are confident in the successful execution of this project.
iSON Tower Limited Inc.
Security Bank client since 2023
Want to learn more about
Facility Agency?
Email SBC Trust and Asset Management Group at [email protected].