Bondholders’ & Noteholders’ Representative
In the architecture of a debt issuance, the Bondholders’ or Noteholders’ Representative serves as the designated guardian of the investors' collective interests. This is a role of significant responsibility, requiring unwavering commitment to upholding the terms of the indenture or trust deed and acting decisively on behalf of security holders, particularly in scenarios involving covenant breaches or issuer default.
Our Role
Aether acts as a dedicated and expert representative for all classes of noteholders. We provide a vital link between the issuer and a diffuse group of investors, ensuring their rights are protected and their voices are heard as a single, coherent entity.
Acting as the central intermediary to facilitate communication and, when necessary, taking decisive action to protect the interests of the bondholders.
In the event of a default, we are empowered to enforce the rights of the noteholders. This includes issuing default notices, accelerating the debt, filing claims in an insolvency, and providing instructions to the Security Agent for the enforcement of collateral.
Convening and chairing bondholder's meetings to vote on resolutions, such as amendments to the terms of the securities or plans of restructuring. We manage the entire process, from setting the agenda to recording and reporting voting outcomes.
Proactive Enforcement
We are not passive administrators. We understand that our primary function is to act as a vigilant and proactive fiduciary. In a default or restructuring scenario, our deep knowledge of the procedural and legal mechanics of enforcement allows us to act with speed and precision. We are adept at navigating the complexities of bondholder meetings, extraordinary resolutions, and insolvency proceedings, ensuring that every action taken is robust, defensible, and serves to maximise recovery for the investors we represent.
Unconflicted Representation
Aether FS is appointed solely to serve the interests of the bondholders. We maintain no other commercial relationship with the issuer, arrangers, or other transaction parties. This complete independence ensures that our judgment is never compromised and that every decision is made with the single-minded objective of protecting our clients' rights, providing a clear and authoritative voice in negotiations or legal proceedings.
Confidential Consultation
To discuss the appointment of an expert Bondholders’ or Noteholders’ Representative, please contact us.