GLAS News

November 12, 2021

GLAS Appointed Facility and Security Agent for Morrisons Sale

November 2021, London

GLAS has recently been appointed Facility Agent and Security Agent for Market Bidco Limited’s £6.6 billion debt facilities. Market Bidco is US private equity group Clayton, Dubilier and Rice’s newly incorporated entity that has completed the purchase of WM Morrison Supermarkets Plc.

WM Morrison Supermarkets Plc is the fourth largest chain of supermarkets in the United Kingdom.

The GLAS deal team comprised of Matthew Korner (Junior Business Development Associate), Lux Jega (Senior Transaction Manager), Simon Schiff and Arunima Misra (Legal Transaction Managers) and Amanda Anthony (Client Services).

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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