July 2021, New York
GLAS USA LLC and GLAS Americas LLC have recently been appointed Administrative Agent and Collateral Agent, respectively, for Washington Prime Group’s $100 million DIP financing. The Company filed for Chapter 11 protection after executing a restructuring support agreement with creditors.
Washington Prime Group is an American real estate investment trust company.
Christy Searl, Deputy General Counsel of GLAS Americas/SVP Bankruptcy & Restructuring, notes, “GLAS is proud to provide best-in-class service to debtor Washington Prime Group and its lenders relating to this Chapter 11 filing.”
The GLAS deal team is comprised of Christy Searl, Lisha John (Vice President – Transaction Management), Edward Polenco (Senior Associate – Client Services), Andy Mei (Senior Associate – Client Services) and Serena Harrell (Senior Associate – Client Services).
Brian Trust, Lucy Kweskin, Michael Kahn and Dabin Chung of Mayer Brown represented GLAS in connection with the DIP financing.
GLAS USA LLC and GLAS Americas LLC were previously appointed as successor Administrative Agent and Collateral Agent for Washington Prime Group’s $340 million Term Loan, $65 million Senior Secured Term Loan, $650 million Revolver, and $350 million Term Loan.
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