German real estate company Adler Group S.A. and its subsidiaries successfully implemented a restructuring through a UK Part 26A Restructuring Plan. The Plan included amendments to the terms and conditions of certain of its bonds with an aggregate nominal amount of €3.2 billion and the provision of up to €937.5 million of new money funding.
GLAS Specialist Services Limited worked closely as Information Agent with Adler Group S.A and deal parties on the plan.
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GLAS 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 USD300bn of assets under administration on a daily basis. For more information, please contact email@example.com.