Phrases with «collateral agent»

The term "collateral agent" refers to a person or entity that holds and manages property or assets on behalf of a group of lenders. They act as a trustee to ensure that the lenders' interests are protected in case the borrower defaults on the loan. Full definition

Sentences with «collateral agent»

  • AbitibiBowater Inc., representing Bank of New York Mellon as collateral agent in the chapter 11 case of this pulp and paper manufacturer. (sheppardmullin.com)
  • Credit Suisse, Canadian counsel for the administrative and collateral agent in connection with advice on loan agreements, Canadian security documents and title insurance matters surrounding a US$ 226.5 million first lien credit agreement. (bennettjones.com)
  • According to a related 8 - K filing, Deutsche Bank, New York branch acted as both administrative and collateral agent on the transaction. (abfjournal.com)
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