Copying and distributing are prohibited without permission of the publisher
BNY Mellon named trustee for $450m CLO
09 May 2012
BNY Mellon has been appointed trustee, collateral administrator, paying agent and calculation agent for a collateralised loan obligation
BNY Mellon has been appointed trustee, collateral administrator, paying agent and calculation agent by Silvermine Capital for its $450m collateralised loan obligation (CLO).
In its role, BNY Mellon Corporate Trust will provide a variety of services for Silvermine Capital, including processing principal and interest payments and maintaining bondholder records.
BNY Mellon Corporate Trust services $11.9trn in outstanding debt from 61 locations in 20 countries. Its clients include governments and their agencies, multinational corporations, financial institutions and other entities that access the global debt capital markets.