Tony Williams,  Loan Technologist

The borrower choses an agent bank based upon many factors, including the strength of the bank's replationship, industry reputation, capital position, and prior or pending deals. In large complex deals, the borrower may request that there be more than one agent, so that specific portions of a deal are handled by the bank with the best capability in that area. In other cases, naming co-agents is simply a way for a company to reward more than one of its banks with a premiere position.