As per the agreement, BNY Mellon Corporate Trust will cater a wide range of services for Silvermine Capital, such as processing principal and interest payments and maintaining bondholder records.
BNY Mellon Corporate Trust managing director Jocelyn Lynchn said that the firm expects CLO activity to strengthen this year, and their appointment on this issuance highlights their extensive experience in servicing this recovering asset class.
Silvermine Capital CFO Giorgio Boero commented on the recent development and said, "We chose to work with BNY Mellon on this deal because of the quality of service we receive from them and the fact that they have demonstrated a deep understanding of our transactions."
BNY Mellon operates in 36 geographies and serves more than 100 markets across the globe.
The firm has $26.6 trillion in assets under custody and administration and $1.3 trillion in assets under management, services $11.9 trillion in outstanding debt and processes global payments averaging $1.4 trillion per day.
