News

It has been a busy H1 for Lucid Agency and Trustee Services, supporting clients with a variety of acquisition finance, leveraged finance, listed bond issues, escrow and disbursement services, and process agency for a wide variety of contracts.

Timelines are often challenging for all deal parties so our focus on speed of execution, efficient turnaround of KYC, and commitment to the late nights and weekends that is often required continues to set us apart and win high praise from our clients.

April saw the addition of two new highly experienced staff to our middle office operations team, including Khushbu Jain who is now managing the department, and our active portfolio of close to 90 transactions. Late June saw the arrival of Kate Russell to our transaction management division – Kate brings with her over 25 years of documentation negotiation and deal closing experience, and her knowledge and commitment to client service is already adding value to all those working with her.

The list below highlights a small selection of the transactions we have been mandated as Agent and/or Trustee for – if we can provide further information, or a proposal for a new matter please don’t hesitate to make contact.

The directors and staff of Lucid Agency and Trustee Services greatly appreciate your continued support and we look forward to supporting your next transaction.

With our best regards

Your Lucid Agency and Trustee Services senior team.

Email: info@lucid-ats.com

Tel: +44 20 7704 0945

With your valued support, our first six months has been a great success – with +65 engagements since September 2017 – for which we are incredibly grateful and humbled.
 
The private credit market continues to be highly active and our deep relationships, combined with an unwavering focus on quick turnaround and seamless execution, has resulted in numerous significant mandates with over 30 credit funds and over 20 sponsors.  Due to our conflict-free proposition, Lucid continues to win significant special situations mandates, as demonstrated by our recent successor agency appointments for two Revolving Credit Facilities totalling over €3.6bn in outstanding debt. We continue to hire top talent from the market to ensure we maintain high standards of service and deliverability, and look forward to introducing our newest team members to you in due course.
 
The list below highlights a small selection of transactions we are engaged on, please don’t hesitate to contact us for further information. 
 
The directors and staff of Lucid Agency and Trustee Services greatly appreciate your continued support and we look forward to helping you on your next transaction.

With our best regards

Your Lucid Agency and Trustee Services senior team.

Email: info@lucid-ats.com

Tel: +44 20 7704 0945

When considering what our clients might need from their Agent and Trustee, it was simple to conclude that whilst efficiency and speed of execution are high on the list, responsive and experienced people who are commercially minded, easy to deal with and are personally invested in the transaction process are also highly prized.

Lucid Agency and Trustee Services has handpicked such a group of professionals and, since launch in September 2017, we have delivered on our promise.

We would like to thank all the sponsors, lenders, advisers and their legal counsel who have engaged Lucid as Agent and who have referred us to colleagues and clients as a result of their positive experience.

A small selection of the transactions we have been engaged on recently is highlighted below and our senior team are available to discuss any needs you may have for our services as:

• Facility Agent
• Security Agent
• Intercreditor Agent
• Note Trustee
• Security Trustee
• Restructuring Agent
• Note Paying Agent
• Registrar, Transfer Agent
• Escrow Agent
• Service of Process Agent

We look forward to partnering with you in the near future.

With our best regards

Your Lucid Agency and Trustee Services senior team.

Email: info@lucid-ats.com

Tel: +44 20 7704 0945

Following the recent launch of our agency and trustee service offering, please find an article from September’s edition of Global Turnaround which highlights the value we can add in complex debt restructurings.

Our team of professionals has worked on some of the largest debt restructurings in history and we welcome the opportunity to share our extensive experience.  Having a competent, responsive and non-conflicted agent in place can really help facilitate a smooth debt restructuring.

Testimonial from major distressed fund:

“Lucid have proved easy to work with in the past in processes where we’ve needed close co-operation with the agent (for example, restructuring bank facilities/dealing with difficult debtors).”

Specialist capital markets services provider Lucid Issuer Services Limited (“Lucid”) has launched Lucid Agency and Trustee Services Limited and has made four senior hires to support its ambitions for growth in the capital and private credit markets.

John Traynor joins from Wilmington Trust Company and Emma Hamley from U.S. Bank Global Corporate Trust Services to drive the growth of the agency and trustee business. Paul Barton and Christopher Eastlake, also from Wilmington Trust and U.S. Bank respectively, lead the relationship management team.

Known for its exemplary client service and unwavering focus on transaction execution, Lucid saw strong demand from existing clients for a quality provider of trustee and agency solutions and will focus on institutional private placements, debt restructuring, private credit (e.g. direct lending) facility and security agency and successor trustee services.

Sunjeeve Patel and Yves Theis, co-founders of Lucid, say the expansion of the business will meet a significant need for their clients and reflects their continued growth ambitions.

John, Emma, Paul and Christopher bring with them significant experience in the bond and loan markets having worked across project finance, direct-lending, special situations, investment grade and high yield bond issuance and debt restructuring for multiple leading trust and agency providers.

John Traynor – John brings over 20 years of agency and trustee experience, most recently as a senior Client Development Officer for Wilmington Trust.  Previous positions include European Head of Sales for both JPMorgan and The Bank of New York Mellon.  His early career includes sales and relationship management roles with Deutsche Bank and JPMorgan’s predecessor banks.  John has developed deep relationships across the European capital markets and has extensive experience in complex debt restructurings, direct lending and syndicated loan transactions.

Emma Hamley – Emma has worked within agency and trustee services since joining Bankers Trust Company in 1989. She has held senior relationship management and business development positions at The First National Bank of Chicago, The Bank of New York Mellon, Capita Issuer Services and most recently U.S. Bank as Senior Vice President leading the European Business Development team. Emma has extensive experience across all debt market products with strong focus on the private credit markets and institutional private placements, in the corporate mid-market and project/infrastructure debt finance markets.

Christopher Eastlake –  Christopher has been involved in corporate trust services since joining The Bank of New York Mellon in 2007 where he spent six years in several roles including CDO administration, foreign exchange settlement and loan agency. More recently, since 2013 he served as Vice President in the relationship management team at U.S. Bank where he was responsible for the closing and ongoing management of facility agent and security agent/trustee transactions within the loan agency business.

Paul Barton – Paul has over seven years’ experience of loan agency, security agency and bond trustee transactions as a Director of Wilmington Trust (London) Limited. Prior to his career in loan agency, Paul was an originator of structured real estate debt and equity transactions in Europe with Credit Suisse, HSH Nordbank, Bank of Scotland and BNP Paribas.

About Lucid Agency and Trustee Services Limited

We are a conflict-free provider of loan agency, bond and security trustee services to the syndicated loan, private credit and capital markets. Whether acting as escrow agent, facility agent, security agent or bond trustee on a new financing, replacing an incumbent on existing debt or working on a restructuring, Lucid’s core values – Planning, Commitment and Execution –  ensure a smooth and timely closing process and efficient ongoing deal management.

To discuss our range of services please contact a member of the team on + 44 20 7704 0945 or email info@lucid-ats.com.