GLAS USA LLC Appointed Administrative Agent for Washington Prime Group
March 2021, New York GLAS USA LLC was recently appointed Administrative Agent for Washington Prime Group’s $340 million Term Loan and $65 million Senior Secured Term Loan. Washington Prime Group is an American real estate investment trust company. For more information, please …
GLAS Trust Company LLC Appointed as Trustee in Connection with J. C. Penney “PropCo”: Copper Property CTL Pass Through Trust
March 2021, New York GLAS Trust Company LLC was appointed as Trustee for the Pass Through Trust in connection with the court-approved sale of the operating business. The Trust was formed for the sole purpose of collecting, holding, administering, distributing and monetizing …
GLAS Americas to sponsor the 2021 TMA Distressed Investing Conference
February 2021 GLAS Americas are excited to be a sponsor of the TMA Distressed Investing Conference, taking place virtually February 23rd to 25th. The 2021 TMA Distressed Investing Conference is the leading event for networking and deal-making in the turnaround, restructuring, and …
GLAS Trust Company LLC Appointed as Trustee in Connection with J. C. Penney Bankruptcy Sale
December 10, 2020, New York American department store chain J. C. Penney announced on December 7, 2020 that it had closed on the sale of its operating business. GLAS Trust Company LLC has been appointed as Trustee for the Earnout Trust created …
GLAS Americas LLC to Donate Thanksgiving Meals to Hoboken University Medical Center
November 2020 GLAS Americas LLC, the US subsidiary of Global Loan Agency Services Limited, will be donating Thanksgiving meals to the staff at the Hoboken University Medical Center in New Jersey, as a way of saying thank you to all of the …
GLAS to Sponsor the 2020 TMA Australia Virtual Conference
November 2020 GLAS Australia are excited to be a sponsor of the 2020 TMA Virtual Conference being held on 24 November and 1 December. The theme for this year’s conference is ‘The New Normal – How business is responding to the crisis’. …
GLAS Americas LLC to Become Titanium Sponsor of IWIRC International
November 2020, New York GLAS Americas LLC is excited to be a Titanium Sponsor of IWIRC International, the International Women’s Insolvency & Restructuring Confederation. Our parent company, Global Loan Agency Services Limited, has been involved with IWIRC for many years as a …
Solocal Debt Restructuring Successfully Completed
November 2020, Paris The partial equitization of debt for Solocal, a company specialising in advertising and digital marketing, has successfully completed. As a result, the Group will receive cash proceeds for an amount of €85 million (net of the Support Fee) and …
GLAS SAS (Paris) fête son premier anniversaire!
November 2020, Paris We are pleased to be celebrating the one-year anniversary of our Paris operation, GLAS SAS! The opening of the GLAS SAS office in 2019 coincided with our regulatory approval from Autorité de Contrôle Prudentiel et de Résolution, “ACPR”, which …
PizzaExpress Granted Chapter 15 Recognition
November 2020, New York UK chain restaurant PizzaExpress has received Chapter 15 recognition for its UK restructuring plan, under the new Part 26A of the UK Companies Act yesterday. This will allow the company to procced with a reorganisation that will reduce …
GLAS Americas LLC to sponsor the LSTA Annual Conference Series
October 2020, New York GLAS Americas LLC is excited to be the most recent sponsor for the Loan Syndications and Trading Association’s (LSTA) annual conference series. There are a number of webinars included in this series before the end of the year. …
GLAS appointed Collateral Agent for Frigorifico Concepción Restructuring
October 2020, New York GLAS was recently appointed Collateral Agent for Frigorífico Concepción under the Bolivian Law Documents and the Paraguayan Share Pledge Agreement in connection with the Indenture entered into on January 29, 2020. Frigorífico Concepción is a meat wholesaler based …
