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Monday, 31 August 2009 06:22 |
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BOSTON, Aug. 31 /PRNewswire/ -- DebtX announced today that U.S. Bank, the sixth largest commercial bank in the United States, is now using DXSyndicate for its loan syndication and agency functions.
"DXSyndicate provides U.S. Bank with a comprehensive solution that enabled the bank to consolidate two different systems," said Jeanne Rudelius, Head of U.S. Bank's Loan Capital Markets. "We invested significant resources searching for the right platform and believe DXSyndicate provides a solution the marketplace has sorely needed, but has lacked until now."
DXSyndicate integrates investor contact management, deal tracking, management reporting and secure document distribution in a single, Web-based platform.
"DXSyndicate is rapidly becoming an industry standard in the syndicated loan space," said DebtX CEO Kingsley Greenland. "We are pleased U.S. Bank chose to work with DebtX after extensive due diligence and review of alternative solutions in the marketplace."
In addition to U.S. Bank, Wells Fargo and Union Bank are using DXSyndicate to improve collaboration between the syndication and agency functions.
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