January 2018, New York
GLAS USA LLC, a leading independent provider of Administrative Agent and Trustee services, has been appointed Administrative Agent and Collateral Agent, in connection with RGL Reservoir Management’s recent amended debt facility. RGL Reservoir Management Inc. is a market leader in sand and flow control products in Canada, the USA, South America, the Middle East and Africa.
On 21 December 2017, RGL completed the recapitalization of its balance sheet, reducing the long-term debt by over 80%. GLAS was made Administrative and Collateral Agent on behalf of the Lenders.
Dan Fisher, Head of the Americas for GLAS, says, “We are pleased to have RGL join our rapidly growing book of business for loan agency and collateral agency services in the US and globally.”
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