Client Services

March 20, 2018

GLAS appointed Escrow Agent on the sale of an Ideal Standard manufacturing plant to Saxa Gres

March 2018 London – Ideal Standard is a multinational company headquartered in Belgium, specialising in bathroom, sanitary ware and plumbing fixtures for homes, airports and hotels. Ideal Standard operates in Europe, the Middle East and North Africa. Saxa Gres is a private Italian company focused on recycling industrial waste into the production of porcelain stoneware […]

Client Services
February 16, 2018

GLAS Trust Company appointed Successor Administrative Agent on EXCO Resources Second Lien Credit Facility

February 2018 NEW YORK – GLAS Trust Company LLC was recently appointed Successor Administrative Agent on EXCO Resources, Inc.’s Second Lien Credit Facility due in 2020. EXCO Resources is an oil and natural gas company engaged in the exploitation, exploration, acquisition, development and production of onshore U.S. oil and natural gas properties with a focus […]

Client Services
October 17, 2017

GLAS appointed Trustee on Russian Fintech Company SimpleFinance

October 2017, London GLAS Trustees Limited (GLAS Trustees) has been appointed as security trustee on the U.S.$100,000,000 European Medium Term Note Programme issued by SF Holdings Company Plc (SimpleFinance). The proceeds of issuances under the programme will be on-lent to Microcredit Limited Liability Company “SimpleFinance”, a Russian fintech company specialising in accessible micro-lending to small […]

Client Services
September 18, 2017

GLAS expands European Client Services team

September 2017, London GLAS is delighted to announce its continued growth in London head office with the recent hire of Client Services Manager Manuj Sharma. Manuj joins GLAS from BlueBay Asset Management where he supported the High Yield and Direct Lending business, and managed the companies loan operations setup. Prior to BlueBay, Manuj built up […]

Client Services, GLAS Team
July 31, 2017

GLAS Trust Company appointed successor Trustee for TerraVia Senior Notes

NEW YORK, July 2017 –  GLAS TRUST COMPANY LLC, a leading independent provider of Trustee Services, has been appointed as successor Trustee for TerraVia’s 5% Convertible Senior Subordinated Notes due 2019. TerraVia is a US based biotechnology company. Mia Drennan, CEO of GLAS said I am delighted that GLAS Trust Company was able to assist TerraVia on […]

Client Services
April 19, 2017

GLAS plays key role in completion of Abengoa debt restructuring

London, April 2017 GLAS, the leading independent Agency services provider, was mandated in the key role as Restructuring Agent on the highly complex Abengoa, S.A. transaction. GLAS was instrumental in centralising communications, managing various waivers and consents and assisting the deal parties in getting the restructuring over the line. The deal involved implementation of a restructuring plan […]

Client Services, Restructuring
March 21, 2017

Orrick, the commercial and legal specialist talks about working with GLAS

The commercial and legal specialists at Orrick talk about their role in assisting GLAS in recent transactions. The Orrick team talks about assisting GLAS in the restructuring of the debt of Edcon Edcon has been under severe pressure over the past few years. GLAS Trust Corporation Limited became trustee of two Senior Secured Notes of […]

Client Services
March 16, 2017

GLAS opens up in Sydney, Australia

GLAS, the independent provider of finance administration services, has announced the opening of an office in Sydney, Australia. GLAS sees growth in its finance administration services in Australia A Sydney office expands the GLAS business in Australia following the opening of its Melbourne office in 2016. Since then, GLAS has seen significant interest in its […]

Australia, Client Services, GLAS Team
December 20, 2016

GLAS to act as Trustee for 3i Infotech Limited – the global information technology company

Earlier this year holders of the existing Foreign Currency Convertible Bonds (FCCB’s) 3i Infotech Limited were invited to participate in the exchange offer. GLAS were appointed as Trustee on the new FCCBs and assisted throughout as coordination agent on the exchange process. 3i is a global information technology company based in Mumbai. Compliance Officer Rajeev [...]
Client Services, New Business