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 …
GLAS Australia Granted Australian Financial Services Licence
October 2020, Sydney We are delighted to announce that GLAS Australia has recently been granted an Australian Financial Services Licence. This licence enables GLAS to offer additional services to wholesale clients in the capital markets, including bond/note trustee and paying agent/fiscal agent …
GLAS Welcomes New Joiners Across All Offices
October 2020 GLAS are pleased to welcome an additional five new joiners to our global team! Our Client Services team is growing across all offices, with the addition of Danielle Dowling, in London, Jonathan Su, in New York, and Justin Churchill, in …
GLAS exceeds 100 employees after accelerating business growth across all locations
4th September 2020 We are pleased to announce that even during these difficult times we continue to recruit exceptional talent and have now exceeded our 100th employee within our global GLAS family. This is in line with our planned expansion to meet …
GLAS Americas welcomes Lisha John
New York, August 2020 GLAS Americas has recently welcomed Lisha John to their growing team. Lisha joins the Transaction Management Group as a Vice President. Lisha started her career with the Bank of New York Mellon in 2007 on the Corporate Trust …
GLAS appointed Trustee for AMC Refinancing
August 2020, New York GLAS Trust Company LLC has recently been appointed Trustee for AMC Entertainment Holdings, Inc. issuing of $200 million 1st Lien Senior Notes due April 24, 2026 and $1.46 billion 2nd Lien Senior Notes due June 15, 2026. AMC …
GLAS appointed Agent for bankruptcy of J. C. Penney
May 2020, New York GLAS USA LLC has been appointed Administrative Agent and GLAS Americas LLC has been appointed Collateral Agent for a $900 million DIP Loan Facility for the restructuring of J. C. Penney’s outstanding debt. J. C. Penney announced it …
GLAS appointed Agent for OneWeb’s DIP Facility
May 2020, New York OneWeb Communications Limited (as Borrower) and OneWeb Global Limited (as Parent) has appointed GLAS USA LLC as Administrative Agent and GLAS Trust Corporation Limited as Collateral Agent in respect of their DIP Superpriority Senior Secured Debtor in Possession …
