CORPORATE & INSTITUTIONAL
Project Finance
There is a lot riding on your Project Finance transaction. That’s why we leave nothing to chance. Our dedicated international team will work with you every step of the way to fully understand the structure, cash-flows, roles and duties in order to deliver the full suite of trust and agency services required by your specific transaction.
An independent provider of trust and agency services to the project finance market
Our non-lender role in transactions make us a truly independent third-party service provider. With decades of experience, we understand the intricacies of project finance transactions and can offer services across the capital stack, and act in a broad array of roles on bank loan and capital markets transactions.
45+ Years
of U.S. Corporate Trust experience
500+
Project Finance deals closed
$85 Billion+
of total Project Finance debt
20+ Years
staff tenure on average for project finance team members
Administrative Agent*
As the Administrative Agent, we sit between a project company borrower and its lender group, controlling the flow of funds and information. Wilmington Trust offers a full-service outsourcing solution for lenders who are unable to perform this role themselves or would prefer to have an independent party in that position.
In this role, we track, collect, and disseminate required reports and assist with consents, waivers, and amendments.
Collateral Agent
We hold and manage physical and non-physical collateral on behalf of the lenders in your Project Finance transaction, helping to ensure that a perfected first security interest is maintained over the life of the deal.
Depository Agent
We open and maintain project accounts, including construction proceeds accounts, revenue accounts, and reserve accounts. We run the cashflow waterfall, ensuring all payments are made promptly in accordance with the terms of the deal.
Intercreditor Agent
We manage the relationships among all lender groups and their respective collateral packages in the Project Finance deal, ensuring that lenders and investors work together effectively and any issues are resolved in a timely manner.
Noteholder Representative
In this role we represent the interests of the noteholders in a Project Finance transaction. This includes tracking, collecting, disseminating, and warehousing deal documents, notices, and required reports, as well as coordinating consent, waiver, and amendment requests and collecting and tabulating votes.
Paying Agent
As Paying Agent, we collect and distribute funds, ensuring that noteholders are paid principal and interest on time and in the right amount. We also set interest rates and perform rollovers for floating-rate transactions.
Trustee
A Trustee is responsible for monitoring the governing bond documents (Bond Indentures, Loan and Lease Agreements) to ensure the bond issuer complies with all the various requirements - including covenant compliance, such as periodic reporting requirements.
Escrow Agent
We act as a neutral intermediary among key parties to your transaction, holding funds and ensuring that they are released only when agreed-upon conditions have been met.
WHY WILMINGTON TRUST
With a dedicated international team and years of experience, we know how to ease administration, manage operational risk and add value to every transaction
Independence that engenders trust: Since Wilmington Trust is not a lender or investor in the Project Finance sector, you can trust us to act as an impartial third party to administer your transaction, safeguard assets, and maintain segregated trust accounts for the benefit of all deal parties.
Deep industry and sector experience: Our track record spans from conventional power and renewables to oil and gas, to telecom and transportation, to social infrastructure, to metals and mining.
Award-winning service*: Leading publications have recognized us as “Corporate Trust Provider of the Year” multiple times because of our record of being involved in some of the largest and most innovative transactions in the market.
Positioned for your success: Wilmington Trust is internationally recognized, serving clients throughout the U.S. and in more than 90 countries through offices in the U.S. and Europe.
*Global Corporate Trust Provider of the Year for 2018 from “Infrastructure Investor Magazine”; Global Corporate Trust Provider of the Year for 2019 from “Infrastructure Investor Magazine”; North American Corporate Trust Provider of the Year for 2019 from “Infrastructure Journal”
Services are available through our domestic and international affiliates. Not all services are available through every domestic and international affiliate or in all jurisdictions.
Click here for more information about our international capabilities.
Related Articles and Insights
Your source for Project Finance services – and knowledge
When you work with Wilmington Trust, you establish a relationship with thought leaders offering keen insights into developments in Project Finance and the market and industry trends shaping its future. Explore our ideas on the state of Project Finance, where it’s going – and what it means for you.
Betting on the New Battery Belt
The energy transition activity in newly created battery plants is creating a wide range of opportunities for project finance transactions.
Data Infrastructure Enters the Project Finance Sector
The growing demand for data and the infrastructure to host it has provided a new area of opportunity—data centers.
Energy Transition Takes Centre Stage
All the ingredients are in place for a stellar 2024 in the renewable energy project finance market. Read more about how factors like renewable energy and geopolitics play a role.
Infrastructure Investor Keynote Interview - Opportunities Abound
"Impetus from the Inflation Reduction Act and the sheer weight of money targeting sustainable investments is poised to generate significant renewable energy project finance opportunities."
CONTACT A SPECIALIST
Your Project Finance deal deserves a dedicated and experienced team.
Our Project Finance professionals understand what it takes to make a deal successful. We tailor our services to the needs of your specific project financing, helping you avert potential issues, and leveraging our experience to make the entire process efficient.
Doug Lavelle
Managing Director,
Project Finance Sales Leader
Will Marder
Managing Director,
Project Finance Sales Leader
Keith Reader
Managing Director,
European Project Finance Team Leader
