The facility agent

This guidance note covers the duties and role of the facility agent (defined in the Asia Pacific Loan Market Association (APLMA) documentation as the agent) in a syndicated loan agreement, with reference to relevant provisions in the APLMA Australian secured term and multicurrency revolving syndicated facility agreement.

It also considers the rights of the agent and methods it may employ to protect itself and exclude liability whilst carrying out its role as agent. The guidance note also considers the mechanisms for the appointment and resignation of the agent.

See The facility agent.