GLAS supports successful restructuring of Lowell
GLAS is pleased to announce the successful completion of the restructuring of Lowell, one of Europe’s largest credit management companies, with operations across the UK, Germany, Austria, Switzerland, Denmark, Norway, Finland, and Sweden.
The GLAS UK team acted as Successor Facility Agent, Successor Security Agent and Escrow Agent on this complex transaction; GLAS served as Note Trustee and Paying Agent on the New Notes.
Lowell’s recapitalisation strengthens its financial position and supports its long-term strategic objectives across its core markets in the UK and the DACH and Nordics regions. The transaction was achieved through a fully consensual process, reflecting strong collaboration between stakeholders and advisors.
About Lowell
Lowell is a leading European credit management company, providing data-driven credit management services to clients and consumers. With a presence in eight countries and a strong track record of operational excellence, Lowell plays a key role in the European financial ecosystem.
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.
