New Business

March 31, 2021

GLAS Capital Markets Team Appointed on Billion-Dollar Bond Issuance for Debut Issuer Telegram Group Inc.

March 2021, London GLAS was recently appointed in various capacities including Principal Paying Agent, Registrar, Transfer Agent and Settlement Agent for debut Issuer Telegram Group Inc.’s private placement of over $1 billion senior-unsecured pre-IPO convertible bonds. Telegram has raised over $1 billion through bond sales to multiple investors due in 2026. The Bonds include a mechanism […]

New Business
February 24, 2021

GLAS Appointed Agent for Hostelworld

February 2021, London GLAS has recently been appointed Facility Agent and Security Agent for Hostelworld’s five-year EUR 30 million secured loan facility. Hostelworld Group is a hostel-focused online booking group. For more information, please contact

New Business
September 4, 2020

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 business growth across all sectors in our global business and in spite of […]

Australia, Client Services, GLAS Team, New Business, New York, Paris
June 23, 2020

GLAS appointed Tabulation Agent by HEMA

June 2020, London GLAS has recently been appointed by HEMA to act as Tabulation Agent for the Lock-Up Agreement. HEMA is a Dutch variety store-chain. Noteholders that have not yet signed the Lock-Up Agreement and wish to support the Transaction will need to complete and execute an accession deed to the Lock-Up Agreement in their […]

New Business, Restructuring
June 17, 2020

GLAS appointed Information Agent for African Minerals Limited Scheme of Arrangement

June 2020, London GLAS Specialist Services Limited has been appointed Information Agent for African Minerals Limited’s Scheme of Arrangement. African Minerals Limited is a minerals exploration, development and mining company headquartered in the United Kingdom, and is currently in administration. To access the Practice Statement Letter, please visit here. For more information, please contact

New Business
June 9, 2020

GLAS Appointed Agent for Lecta Limited Consent Solicitation

London, June 2020 A GLAS entity has been appointed Information, Calculation and Tabulation Agent on Lecta Limited’s Proposed Recapitalisation involving the issue of EUR 50 million of New Shares, EUR 55,555,555 of New Senior Secured Notes and New Warrants, concurrently with the cancellation in full of the Lecta Group’s existing EUR 100,000,000 Junior Notes. GLAS has been involved […]

New Business
June 4, 2020

GLAS appointed Security Agent for IHC Merwede Holding B.V.

June 2020, London GLAS has been appointed Security Agent on the recent restructuring of the financial indebtedness and the provision of new money to IHC Merwede Holding B.V., part of the Royal IHC group. Royal IHC is a Dutch supplier for over 300 years of innovative and efficient equipment, vessels and services for the offshore, […]

New Business, Restructuring
June 2, 2020

Travelex appoints GLAS as Successor Agent and Trustee on outstanding debt

June 2020, London GLAS has replaced Deutsche Bank as Facility Agent, Security Agent, Trustee, Paying Agent, Transfer Agent and Registrar for Travelex Holdings Limited in accordance with the Indenture relating to the Senior Secured Notes due 2022, the Intercreditor Agreement dated 28 April 2017 and Senior Facilities Agreement dated 28 April 2017. GLAS has also […]

New Business
May 12, 2020

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 Credit Facility consisting of an aggregate principal amount of up to $300 million, […]

New Business, New York
May 5, 2020

GLAS Appointed Agent on the PizzaExpress Consent Solicitation

May 2020, London GLAS Specialist Services Limited has been appointed Information and Tabulation Agent for PizzaExpress Financing 2 plc’s (the Issuer) 6.625% Senior Secured Notes due 2021 and PizzaExpress Financing 1 plc’s (the Issuer) 8.625% Senior Notes due 2022. GLAS has also been mandated Facility Agent on PizzaExpress Financing 2 plc’s (the Borrower) £70 million […]

Bondholder Notice, New Business
May 1, 2020

GLAS Appointed Agent for Moby S.p.A.

April 2020, London GLAS has recently been appointed Successor Facility Agent and Successor Security Agent for Moby S.p.A. by the Majority Lenders pursuant to a deed of resignation and appointment. Moby S.p.A. is an Italian shipping company that operates ferries and cruiseferries between the Italian or French mainland and the islands of Elba, Sardinia and […]

New Business, Restructuring