GLAS_Bingo Industries

GLAS Australia Appointed Agent and Trustee for BINGO Industries’ AUD 2.6 billion Acquisition

October 2021, Sydney

GLAS Australia has recently been appointed as Facility Agent and Security Trustee for BINGO Industries’ AUD 1 billion US Term Loan B debt financing underwritten by Goldman Sachs, Credit Suisse and Jeffries.

MIRA recently acquired BINGO Industries in an AUD 2.6 billion acquisition. BINGO Industries is a fully integrated recycling and resource management company that provides solutions across the entire waste management supply chain. BINGO Industries runs a fleet of waste collections trucks across Sydney and Melbourne.

Kate White, Managing Director of GLAS Australia, says, “We are thrilled to be a part of this significant market transaction.”

Adrian Hunter, Head of Business Development APAC, says, “This is another example of GLAS’ global footprint and experienced deal team facilitating the successful close of a complex cross border transaction.”

About GLAS
GLAS is a pioneer in the non-bank/independent loan agency and corporate trustee marketplace, with offices in Sydney, Brisbane, London, New York, Paris and Frankfurt. GLAS administers in excess of AUD 180bn of assets under administration on a daily basis.  Our team of experienced professionals can accommodate the unique demands of each transaction no matter how bespoke or complex. Providing an outstanding client experience is at the core of everything we do.

GLAS Australia holds AFS Licence number 519374, and full participant of Austraclear, which enables GLAS to offer bond/note trustee and paying agent/fiscal agent services to wholesale clients in the capital markets. Coupled with our loan market offerings, GLAS can provide a fully comprehensive suite of services to cover all debt servicing requirements.

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