November 2020, London
The restructuring of international gaming operator, Codere Group, successfully completed last week. On completion of the restructuring, Codere Group’s new financing totals EUR 250 million through Super-Senior Notes issued in two tranches in Reg S and 144A form, via the ICSDs.
GLAS was mandated on a significant number of roles for the restructuring, including acting as Notes Trustee, Security Agent, Settlement Agent, Escrow Agent, Information Agent and Tabulation Agent under a Scheme of Arrangement.
The GLAS deal team was led by Mia Drennan, Joanne Brooks, Paul Cattermole, Arunima Misra and Sam Dunn, with help from our Restructuring and Insolvency and Capital Markets teams, and Georgios Vrentzos and Shahaana Kulendran from our Business Solutions team.
GLAS was advised by Proskauer Rose LLP, specifically restructuring partner Mark Fennessy and associate Sunay Radia with assistance from capital markets partner Max Kirchner and associate Alexander Andronikou.
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