November 05, 2020

PizzaExpress Granted Chapter 15 Recognition

November 2020, New York

UK chain restaurant PizzaExpress has received Chapter 15 recognition for its UK restructuring plan, under the new Part 26A of the UK Companies Act yesterday. This will allow the company to procced with a reorganisation that will reduce £400 million in debt from the company’s balance sheet.

GLAS has been heavily involved in the transaction in its role as Information Agent and Tabulation Agent, Facility Agent, SSN Facility Agent, Security Agent, Holding Period Trustee and Equity Agent.

For more information, please contact media@glas.agency.

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GLAS is a pioneer in the non-bank loan agency, structured finance & corporate trustee market place. As an independent and conflict free service provider, we are focused on providing streamlined solutions to complex transactions with the ability to work on deals which may be in distress, pre or post-restructuring or unusual in nature.