New Business

April 3, 2019

GLAS SAS appointed as Administrative and Calculation Agent, Bondholders Representative and Security Agent on a EUR bonds issuance for NIG HOLDING (“SAFTI” and “megAgence”)

Paris GLAS SAS was recently appointed Administrative and Calculation Agent (Paying Agent), Bondholders Representative as well as Security Agent on a EUR bonds issuance for NIG HOLDING. NIG HOLDING is a private holding company focused on real estate, with the operation of 2 real estate advisor networks, SAFTI and megAgence. Bluebay funds were acting as […]

New Business, Paris
November 7, 2018

GLAS announce new Liability Management Services

November 2018, London GLAS is excited to announce that we will be widening our product offering with the addition of Liability Management Services. GLAS can now offer complete end-to-end services using industry experts and technology. Our service range includes: Tabulation Agent, Information Agent, Exchange Agent, Tender Agent, Calculation Agent, Bondholder Identification, Proxy Services, Consent Solicitation […]

New Business
May 29, 2018

GLAS Trust Company now has full DTCC Capabilities

May 2018, New York GLAS Trust Company is excited to announce that we can now offer services as a FAST Transfer Agent through the Depository Trust & Clearing Corporation (DTCC). DTCC gives GLAS a full offering Our connectivity with the DTCC allows GLAS the ability to offer the market full services on closing global bond […]

New Business, New York
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
December 3, 2016

GLAS appointed as Successor Trustee

GLAS has been appointed as successor trustee on three series of Notes issued by Edcon. The Company has launched a comprehensive restructuring of its entire capital structure, which will include a South African Compromise Process in relation to the notes and has the support of a large number of its creditors. GLAS will continue to […]

New Business
December 1, 2016

GLAS appointed as Successor Mezzanine Agent for Perstorp

GLAS has been appointed as successor mezzanine agent, replacing Deutsche Bank, to support the refinancing of Perstorp. PAI Partners GLAS has been appointed successor mezzanine agent by PAI Partners and majority lenders to support the refinancing – the world leader in the production of speciality chemical additives. “As agent for the Mezzanine, GLAS has supported […]

Client Services, New Business, Restructuring
August 7, 2015

New appointment – Phones4U Finance Plc

GLAS Trust Corporation Limited appointed as replacement trustee for Phones4U Finance Plc (in administration) relating to its £430,000,000 9.5% senior secured notes due 2018. RNS published on the 6th August 2015 can be found here.

New Business, Other News
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