GLAS News

November 4, 2021

GLAS Americas Appointed Agent for Washington Prime Group’s Exit Facility

November 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 $1.2 billion Exit Facility.

Washington Prime Group is an American real estate investment trust company.

The GLAS deal team is comprised of Lisha John (Vice President – Transaction Management) and Edward Polenco (Senior Associate – Client Services).

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, $350 million Term Loan and $100 million DIP financing.

“GLAS was pleased to partner with Washington Prime Group throughout the life of their restructuring process,” Lisha John said. “We are proud to have provided our clients with swift, reliable service to ensure a smooth closing for all parties.”

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.

 

New York