GLAS Americas was selected for bond trustee and loan agency roles on the recent bankruptcy of TPC Holdings Inc. GLAS worked closely with TPC and deal parties on the following debt instruments: Administrative Agent and Collateral Agent for the DIP facility dated June 6, 2022 (GLAS USA LLC and GLAS Americas LLC, respectively). Bond Trustee […]
GLAS Americas was selected for bond trustee and loan agency roles on Diebold Nixdorf’s recent refinancing. GLAS worked closely with Diebold and deal parties on the following debt instruments: Trustee for Diebold’s $700 million 8.50% Senior Notes due 2024 (GLAS Trustee Company LLC). Trustee for Diebold’s EUR 350 million 9.375% Senior Secured Notes due 2025 […]
LONDON (May 11, 2022) GLAS, the leading independent provider of institutional debt administration services, is pleased to announce it has received a strategic investment from leading mid-market private equity firm Levine Leichtman Capital Partners (“LLCP”). Terms of the transaction were not disclosed. Headquartered in London, GLAS has more than 180 employees across its global offices […]
February 2022, Frankfurt GLAS Frankfurt is pleased to announced that SYZ Capital and Saturnus Capital appointed the firm as Facility Agent and Security Agent on the debt facility financing of their controlling stake in German Pharmaceutical Logistics firm SK Pharma. GLAS congratulates SYZ Capital, a boutique private markets investment specialist based in Switzerland, and Saturnus […]
GLAS Specialist Services Limited has been appointed Information Agent in respect of the Restructuring Plan launched by Smile Telecoms, an African telecommunications provider. This is a landmark precedent as it is the first time since the introduction of the Restructuring Plan that the English High Court has used its discretion under section 901C(4) of the Companies […]
December 2021, London GLAS Specialist Services Limited has been appointed Information and Tabulation Agent in respect of the HKD 1.109 billion 6.95% Convertible Bonds due 2024 issued by China Logistics Property Holdings Co., Ltd (CNLP). CNLP is an investment holding company. Joe Ellis-Grewal, Senior Business Development Associate, says, “GLAS continues to grow our offering in […]
November 2021, New York GLAS Trust Company LLC has recently been appointed Trustee, Registrar and Paying Agent for Carlson Travel Inc.’s US$4 million Notes and €4.9 million Notes. The GLAS cross border deal team comprised of Lisha John (Vice President – Transaction Management, GLAS Americas), Serena Harrel (Assistant Vice President – Transaction Manager, GLAS Americas), Paul […]
November 2021, London GLAS has recently been appointed Facility Agent and Security Agent for Market Bidco Limited’s £6.6 billion debt facilities. Market Bidco is US private equity group Clayton, Dubilier and Rice’s newly incorporated entity that has completed the purchase of WM Morrison Supermarkets Plc. WM Morrison Supermarkets Plc is the fourth largest chain of […]
July 2021, New York GLAS USA LLC and GLAS Americas LLC have recently been appointed Administrative Agent and Collateral Agent, respectively, for Washington Prime Group’s $100 million DIP financing. The Company filed for Chapter 11 protection after executing a restructuring support agreement with creditors. Washington Prime Group is an American real estate investment trust company. […]
June 2021, Sydney Global Loan Agency Services Australia Specialist Activities Pty Limited (AFSL number 519374) has recently been appointed to act as Security Trustee, Note Trustee, Paying Agent and Registrar for Freedom Foods Group Limited’s unlisted capital raise of AUD 265 million 7% Senior Convertible Notes due 2027. The wholesale offer received $8.9 million in […]
March 2021, London GLAS was recently appointed as Bond Trustee, Paying Agent and Security Agent for Advanz Pharma’s $560 million-equivalent euro-denominated and $460 million-equivalent sterling-denominated senior secured notes due 2028. Advanz Pharma Corporation is a multi-national pharmaceutical company headquartered in London. For more information, please contact media@glas.agency.
March 2021, London GLAS was recently appointed Facility Agent and Security Agent for Spa Holdings 3 Oy and SPA US Holdco, Inc.’s EUR and USD Term Loan B, Senior Secured Revolving Credit Facilities and Bridge Facilities as well as Common Security Agent under the Company’s Senior Secured Notes. Spa Holdings 3 Oy and SPA US […]