The resignation of an administrative agent can interrupt the orderly administration of a syndicated loan if not handled correctly. Fortunately, syndicated loans are flexible and the process of appointing a new administrative agent can be managed to prevent undue difficulty. Our experienced loan agency professionals have compiled an easy-to-follow checklist to increase the likelihood of a smooth appointment process when an administrative agent resigns along with tips to streamline the process and a list of reasons why an administrative agent would resign.
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