Gleacher & Company provides an ideal solution for firms that originate syndicated loans or need a successor agent. Gleacher & Company’s Agency Services division is an independent, third-party bank loan agent, offering a full-service agency function including driving restructuring and amendment processes, creating a market in bank debt, in addition to providing back office and administrative duties. Gleacher & Company’s secondary loan trading desk provides daily marks for bank loans where Gleacher & Company is administrative agent, and provides efficient and effective trade execution.

Gleacher & Company does not have any of the inherent conflicts that other administrative agents and dealers have because we do not take lending positions nor do we have proprietary trading positions.

• Services provided include: 
• Organizing conference calls and communication amongst lender group
• Managing amendment processes
• Managing credits through Chapter 7 and 11 proceedings and out of court restructurings
• Chairing steering committees
• Serving on Official Committee of Unsecured Creditors
• Credit document review
• Preparation and distribution of notices to syndicate lenders as required by Credit Agreement
• Reminders
• Rollovers/Rate Sets
• Interest calculation and reconciliation for each accrual period
• Billing, collection and distribution of principal, interest, and fees
• Collection and distribution of financial statements and other compliance documents as required by Credit Agreement
• Maintaining register
• Coordination of assignment agreement documentation
• Processing of assignments
• Tax reporting and filings