GLAS News

October 8, 2021

GLAS Trust Company LLC Recently Appointed Trustee for First Cobalt Corp 6.95% Convertible Senior Secured Notes

October 2021, New York

GLAS Trust Company LLC has recently been appointed Note Trustee and Collateral Agent for First Cobalt Corp’s private placement offering of US$37.5 million 6.95% Convertible Senior Secured Notes due December 2026, led by Cantor Fitzgerald & Co and an overnight-marketed public offering led by BMO Capital Markets. First Cobalt will use the funds for capital expenditures associated with the expansion and recommissioning of its wholly owned hydrometallurgical refinery located in Ontario, Canada.

First Cobalt Corp is a Canadian-based Cobalt company, listed on the Toronto Stock Exchange, that is currently expanding and recommissioning North America’s only permitted refinery capable of producing battery grade cobalt.

About GLAS
Global Loan Agency Services Limited was established in 2011 as an independent provider of institutional debt administration services. The company was originally created to provide the market a willing participant in complex loan restructuring transactions where many large institutions are reluctant to take swift and cooperative action. It offers a wide range of administration services developed specifically for the debt market. GLAS is recognised as the premier independent, non-creditor, conflict-free provider of loan agency and bond trustee services, with excess of EUR 110bn of assets under administration on a daily basis. For more information, please contact media@glas.agency.

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