GLAS partners with The LYCRA Company on successful emergence from Chapter 11 proceedings

GLAS is pleased to announce its role in supporting The LYCRA Company on its successful emergence from U.S. Chapter 11 bankruptcy proceedings, as part of a high yield bond transaction.

This cross-border transaction was delivered by the GLAS teams spanning the U.S. and EMEA, with GLAS acting as Facility Agent, Security Agent, Note Trustee, Paying Agent and DIP Facility Agent.

This successful outcome marks a significant milestone for The LYCRA Company as it strengthens its capital structure and positions the business for long-term stability and growth following its restructuring.

This deal further highlights GLAS’s strong track record in supporting complex high yield bond transactions and restructurings, acting in key agency and trustee roles across jurisdictions and alongside leading global advisors.

About The Lycra Company

The LYCRA Company produces innovative fiber and technology solutions for the global textile, apparel, and personal care industries.

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 $850bn of assets under administration on a daily basis. For more information, contact media@glas.agency.