UMB Corporate Trust has a dedicated default workout group, including default relationship managers and workout specialists, who handle all aspects of a troubled financing. Whether it is a workout or a bankruptcy, our team manages all facets of troubled transactions including:
- Working with outside professionals
- Consent solicitations
- Tax reporting
- Transfers and distributions
- Online reporting
- Bondholder inquiries
- Other needs transaction holders might require
Bondholders, issuers and any parties affected by troubled transactions need a corporate trustee who is more than a technician. You need a team who understands the complexities of a bondholder's needs and the intricate details of the transaction, with savvy workout specialists who recognize the economic implications of the deal and the effect on the bondholders' investment.
Detailed and responsive
UMB's default administration professionals provide the service you need as well as a thorough review of your transaction details and long-term requirements. With a single point of contact, you can contact your dedicated relationship manager for all aspects of your corporate trust and default program, creating a seamless experience for you.
Experience and Expertise
UMB can meet the broad needs of bondholders, help navigate trouble spots as they occur, and bring value to all bond holders' investments. Our workout and default administration team has experience with a wide range of corporate and municipal transactions including:
- Higher education
- Detention center bonds
- Tribal casino bonds
- Charter schools
- Solid waste facility bonds
- Sovereign debt
- Many other related transactions involved in a troubled financing
Our custody services team provides domestic and global custody, real-time operating system availability, industry and client-specific data interfaces, automated cash management and straight-through securities processing.
We are uniquely structured to meet the needs of the national municipal and corporate marketplaces.
Austin, Dallas, Denver, Houston, Kansas City, Minneapolis, New York, Oklahoma City, Phoenix and St. Louis