GLAS supports Intrum’s landmark recapitalisation transactions

GLAS is pleased to announce its role as Tabulation Agent on a series of landmark transactions undertaken by Intrum AB (publ), as part of its broader recapitalisation and deleveraging strategy.

The transactions included a SEK 7.5 billion capital raise, a €525 million offering of 7.000% senior secured notes due 2031, a concurrent exchange offer for existing noteholders and a consent solicitation process across Intrum’s outstanding debt instruments.

The recapitalisation is designed to strengthen Intrum’s financial position and support its long-term growth strategy by extending its maturity profile, reducing its cost of debt and further optimising its capital structure.

The proceeds are expected to support Intrum’s deleveraging strategy, sustainable growth initiatives and operational efficiency programmes.

About Intrum

Intrum is Europe’s leading credit management services company, with a presence across 20 markets. The company helps businesses improve cash flow and long-term profitability through a broad range of credit management and financial services solutions.

About GLAS

Founded in 2011, GLAS is a leading independent global provider of debt administration services. As a non-lender and conflict-free firm, GLAS supports both private and public credit markets, distinguishing itself through its expertise, reliability and independence.

With over $850 billion of assets under administration, GLAS is headquartered in London and has an established international presence, with offices in the United States, France, Germany, Spain, Italy, the United Arab Emirates, Singapore, Hong Kong and Australia.

For further information, please contact: media@glas.agency.