GLAS supports Celsa Group’s €2.2 billion capital structure refinancing

GLAS is pleased to announce its involvement in the successful refinancing of Celsa Group’s capital structure, a significant transaction that strengthens the company’s financial position and supports its long-term strategy. It marks another significant step in Celsa and GLAS’ partnership, as we previously supported them on their restructuring in 2023.

The refinancing, valued at €2.2 billion, represents a major milestone for Celsa Group, one of Europe’s leading steel producers. This comprehensive transaction ensures greater stability and flexibility for the business as it continues to operate in a competitive global market.

GLAS played a pivotal role in this refinancing, acting as Note Trustee, Calculation Agent, Paying Agent, Facility Agent, Security Agent.

About Celsa Group

Celsa Group is a multinational leader in the steel industry, headquartered in Spain. With operations across Europe, Celsa is committed to innovation and sustainability in steel production, serving a wide range of sectors including construction, energy, and manufacturing.

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 $750bn of assets under administration on a daily basis. For more information, contact media@glas.agency.