SRS Acquiom provides credit agency services and regularly acts as an administrative and collateral agent for union and bilateral loans. Whether you are a borrower, lender or professional who has a representative, the SRS Acquiom lending team has the experience and technology to serve your next transaction. Prior to joining SRS Acquiom, Renee was Executive Vice President at Wilmington Trust, N.A., most recently Director of the Credit And Restructuring Products Agency. In addition to her 10 years at Wilmington Trust, she has also worked for Wells Fargo Bank, N.A. in corporate trust and Shareholder Services. The lending agency is a term used in capital markets to describe certain types of loans that are commonly referred to as syndicated or bilateral loans. In both cases, a business, also known as a “borrower,” must provide financing. Perhaps the company acquires a competitor, builds a new data center, buys an airplane, needs working capital or has another legal purpose for the funds. In the case of a syndicated loan, the amount required by the borrower to achieve its objective is too large or risky for a single financial institution to lend the entire amount. To reduce credit risk, a consortium of lenders or consortia – investment banks, institutional investors, hedge funds and other financial companies – will co-finance the loan. In the case of a bilateral loan, the amount borrowed is generally less than that of a syndicated loan and only one lender will finance the entire amount. The specific terms of the financing are recorded in a credit agreement negotiated between the borrower, lenders, agents and other parties to the loan. Renee is Executive Director of the Loan Agency Group for SRS Acquiom.
As a pro of the financial industry, she runs the credit agency`s product. The credit contract often appoints an administrative officer who facilitates the loan`s administerial tasks and acts as an intermediary between the borrower and the lender. Administrative officers typically include maintaining the credit register, setting interest rates, calculating interest, sending notices of payment, facilitating credits, settling lenders` transactions, collecting compliance documents from the borrower and much more.