2 contracts relating to FSCS' requirement for a combined coordination of the re-financing of FSCS's existing syndicated revolving credit facility have been awarded. The procurement also awarded the appointment of an agent bank to administer the facility.
The provider(s) of the Loan Arrangement Coordination arrange and manage a successful process enabling FSCS to have loan or other facilities that meets its funding needs.
A bank to act as Agent Bank within the meaning of the new loan agreement to be entered into.