Simon Lowe Email & Phone Number

Original function was to source, write and fully analyse primary LBO / Cross Over / Corporate participations in UK / European syndicated loans across range of sectors and industries within team of 8. Responsible for active transactions from inception to maturity and sourced and purchased (and sold) various LBO assets on the secondary debt markets. Book size ca. €1Bn of ca. 40 assets (July ’07 – July ’10)Subsequent to the bank splitting into ‘Core’ and ‘Restructuring’ units, I moved into Real Estate and worked on Commercial and Residential projects, both investment and development in team of 13. Book size of €4Bn of ca. 50 assets (July ’10 – Present) In Restructuring Unit (for LBO Finance and Real Estate), duties included:-1. Complex restructuring / refinancing opportunities and detailed waiver requests (i.e. credit analysis, changes to terms and conditions, covenant resetting, debt prepayment, financial models) for LBO / Real Estate deals;2. Involvement in complex restructuring / refinancing / work out cases, liaising with credit risk management departments and business development personnel to secure optimum outcome. Identifying and managing potential problem loans at early stages;3. Evaluation and processing of specific waiver / restructuring / recapitalisation requests with appropriate applications to Head Office (incl. analysis of independent business reviews / due diligence);4. Review of waiver documentation / Senior Facilities Agreement / Intercreditor Agreements (reference to Legal / Compliance departments if necessary);5. Updating Rating tool in line with credit manual guidelines;6. Preparation of relevant internal monitoring report requirements in respect of non material waivers / annual or 6 monthly reviews; 7. Budget assessment on all accounts. Monthly / quarterly / annual analysis ‘day to day’ monitoring of company financial information / quarterly analysis of covenant compliance (vs. budget / base case / prior year)

Experience in all aspects of the leveraged finance market from origination of deals, through the analysis and restructuring and covenant resetting (when applicable) to various exit routes

Main function was to source, write and analyse primary participations in syndicated LBO deals. Also responsible for buying / selling loans in the secondary debt market.Team of four built the LBO loan book commitments from USD250m to USD900m within 24 months (average participation level of USD20-30m). Primary LBO deals written included, inter alia, Petroplus, Ineos, Frans Bonhomme, NTL, Numericable, Eircom, Kion, Kwik Fit, Moeller, Basell, Birds Eye and United Biscuits.Dealt with all aspects of deal execution, including modelling, sensitivities, Due Diligence assessment, credit applications and on-going portfolio management.