Project finance and infrastructure development deals place extensive demands on sponsors, developers, suppliers and financiers. The support of an experienced corporate trust provider is vital. Citi's unique combination of local presence, global capabilities and unrivaled transaction expertise assures you of efficient execution.
Agency and Trust offers a full spectrum of corporate trust services including Accounts Bank, Administrative Agent, Security Trustee, Escrow Agent, Collateral Agent and Distribution Agent to support project finance transactions in all industry sectors, regardless of funding source, in a wide variety of geographies.
- Agency and Trust supports projects funded from all sources, including public or private placements, 144A and Reg S securities, and loan syndications
- Projects involving export credit agency financing can leverage our extensive experience in dealing with OPIC, EXIM, IADB, EIB, KEXIM, IFC and EBRD, among others
Agency and Trust provides administrative capabilities and service integration for the most complex financings — from securing collateral to managing the "waterfall" funding flow for the accounts.
As Agent, Trustee or Accounts Bank, we can:
- Establish segregated accounts to achieve specific accounting or legal requirements
- Manage accounts, including tracking receipt and investment of funds
- Execute investment instructions in multiple currencies
- Report on payments made to parties to the transaction
As Administrative Agent, we can:
- Confirm that all conditions required for the release of funds are met
- Process utilization requests, principal and interest payments, fees, rate resets and amendments, consents and waivers
- Coordinate all interactions between the lenders and the borrower
- Expedite communications with third parties, including attorneys and consultants
- Monitor the available commitment for the facility as a whole and for each lender
- Facilitate the monitoring of covenants to verify that the borrower is in compliance with the terms of the loan agreement
- Deliver specialized services for distressed and restructuring situations, including coordinating with counsel and implementing workout strategies.
Project finance market participants consistently choose Citibank Agency and Trust for our breadth of experience, our comprehensive support services, and our global reach.
To learn more about partnering with Citi for all your Project Finance needs, please contact Nancy Gill at (212) 816-5692.