GLAS acts as Agent and Collateral Agent on Note Issuance for FC Porto

GLAS is pleased to support FC Porto by facilitating the private placement note issuance on behalf of our clients, totaling €115m.

This note issuance will allow FC Porto to refinance their existing debt and support ongoing general corporate activities. This issuance represents a significant milestone in FC Porto’s financial strategy, contributing to a reduction in the average cost of debt and a substantial extension of the average maturity.

Alongside GLAS, J.P. Morgan served as the Placement Agent for the Notes, while Key Capital Partners acted as the financial advisor to FC Porto. Clifford Chance and PLMJ also provided legal advisory services to FC Porto.

The GLAS team in Spain acted as Agent and Collateral Agent on the transaction.

About FC Porto

FC Porto is one of the biggest football clubs in Europe, having won two Champions Leagues (1987 and 2004) and two Europa League (2003 and 2011).

About GLAS

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 $450bn of assets under administration on a daily basis. For more information, please contact media@glas.agency.