GLAS plays several roles on refinancing of CVC’s Domestic & General

GLAS is pleased to see the completion of the £800m refinancing of CVC Capital Partners portfolio company, Domestic & General.

GLAS worked alongside several banking partners and law firms on the transaction, acting as Note Trustee, Paying Agent, Facility Agent, Security Agent, Registrar and Transfer Agent on the refinancing.

The transaction includes £350m of senior secured notes due in 2029, a euro-denominated senior secured term loan facility for the value of €545m and a multi-currency senior secured revolving credit facility for the value of £165m.

The GLAS team in London are pleased to be trusted to work on this transaction which showcases our expertise partnering with multiple blue chip lenders and law firms to deliver a successful solution for our clients.

About Domestic & General

Domestic & General is a leading large-scale service provider of subscription-based appliance care, operating across 12 key markets, including the United Kingdom, Spain, Germany, France, Portugal, Italy and the United States.

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 $500bn of assets under administration on a daily basis. For more information, contact media@glas.agency.