BNY Mellon Appointed to Trustee and Agent Roles for Marathon Asset Management's $356 Million Collateralized Loan Obligation

Jul 31, 2012

NEW YORK, July 31, 2012 — BNY Mellon, the global leader in investment management and investment services, has been appointed trustee, collateral administrator, paying agent and calculation agent by Marathon Asset Management for its $356 million collateralized loan obligation (CLO).

In its role, BNY Mellon Corporate Trust will provide a variety of services for Marathon Asset Management, including processing principal and interest payments and maintaining bondholder records.

"We remain committed to servicing the CLO marketplace, which has shown strong signs of life following the financial crisis," said Jocelyn Lynch, managing director at BNY Mellon Corporate Trust. "We are well equipped to support Marathon as they execute and manage this offering."

"Marathon is pleased to issue its latest CLO and partner with the best service providers in the market.  BNY Mellon is one of the best and provides us with excellent quality service," said Andrew Rabinowitz, COO and Partner at Marathon Asset Management.

BNY Mellon Corporate Trust services $11.5 trillion in outstanding debt from 61 locations in 20 countries. Its clients include governments and their agencies, multinational corporations, financial institutions and other entities that access the global debt capital markets. The corporate trust business utilizes its global footprint and expertise to deliver a full range of issuer and related investor services and to develop customized and market-driven solutions. Its range of core services includes debt trustee, paying agency, escrow and other fiduciary offerings.

Corporate trust providers are appointed by corporations, municipal governments and other entities issuing debt to perform a variety of duties, including servicing and maintaining the debt issue, processing principal and interest payments for investors, representing investors in defaults, and providing value-added services for complex debt structures.

BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, offering superior investment management and investment services through a worldwide client-focused team. It has $27.1 trillion in assets under custody and administration and $1.3 trillion in assets under management, services $11.5 trillion in outstanding debt and processes global payments averaging $1.4 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com or follow us on Twitter @BNYMellon.