Hazeltree unveils debt management platform

Hazeltree announced on Friday that its service Hazeltree Debt Manager, which tracks and manages credit facilities, is now generally available.

The platform provides “near real-time” credit data across credit products, lenders and legal entities to increase operational efficiencies while using credit facilities and reduce the risk of breaching covenants, the firm said.

Included in the offering is the ability to define and track key terms and conditions within credit agreements; the ability to track and manage credit facilities, cash balances and future cashflows in one interface so that managers can manage and forecast liquidity; the ability to automate interactions between borrowers and lenders to streamline paydowns, drawdowns and interest payments; and the ability to connect to lenders for data sourcing to track and reconcile to identify and manage breaks with each facility.