WILMINGTON, Del.--(BUSINESS WIRE)--Delaware Trust Company (Delaware Trust), a provider of corporate trust and agency, special purpose vehicle management, and independent director services, has announced that it will now provide loan agency services, effective immediately.
Delaware Trust Loan Agency Services offer syndicated loan originators and lenders access to experienced debt professionals who perform valuable services associated with drawdown, interest payment, principal repayment, and ongoing deal administration. Supported transactions include third-party loan administration for bi-lateral lending, syndicated and leverage lending, and loan asset servicing.
In addition to the attorneys, certified public accountants, and finance professionals already on-staff, Delaware Trust has brought on seasoned loan agency professionals Nelson Kercado and Dana Dugan to support these services.
Kercado comes to Delaware Trust from Citibank, where he served as vice president for transaction execution, with specialties in corporate trust and loan agency products including administrative agent, escrow agent, collateral agent, and project finance.
Dugan, a former deal-closing senior analyst and operations team coordinator at Citi Global Loans, possesses more than a decade’s worth of experience in deal analysis for syndicated, private banking, international, and trade finance deal closings.
“Nelson and Dana bring considerable experience and a deep knowledge of services that support the loan agency market,” said Bill Popeo, President and CEO of Delaware Trust. “We will hit the ground running and Nelson and Dana will help us meet our goal in becoming one of the leading full-service, third-party loan agency service providers.”
About Delaware Trust
Delaware Trust Company provides a full suite of corporate trust and agency, independent director, private equity networking, and special purpose entity services to corporations, law firms, financial institutions, institutional investors, and private equity firms. Delaware Trust is not affiliated with any bank, lender, or other third party. Visit delawaretrust.com to learn more.