New York

June 10, 2020

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 was filing for Chapter 11 bankruptcy on May 15, 2020. J. C. Penney […]

New York, Restructuring
May 26, 2020

Christy Searl joins GLAS America’s Business Development Team

May 2020, New York GLAS is delighted to announce Christy Searl has joined the GLAS America’s Business Development team, headed by Senior Vice President Martin Reed. Christy brings a unique perspective to GLAS, having worked as both a lawyer and an investor in the financial services and insolvency industries for over two decades. Christy practiced as […]

GLAS Team, New York
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
April 30, 2020

Adam Geller joins GLAS America’s Business Development Team

April 2020, New York GLAS is delighted to announce Adam Geller has joined the GLAS America’s Business Development team, headed by Senior Vice President Martin Reed. Adam comes with a wealth of experience in the Leverage Finance space having previously held positions at Mizuho Americas, Lampert Debt Advisors and Citigroup.  His clients have included both corporate […]

GLAS Team, New York
April 24, 2020

GLAS appointed Agent for Quorum Health Corporation

April 2020, New York GLAS has recently been appointed DIP Administrative Agent and Collateral Agent for Quorum Health Corporation’s US$100 million DIP Term Loan Facility. Quorum Health is an operator of general acute care hospitals across the United States. Quorum also operates Quorum Health Resources, LLC, a hospital management advisory and consulting services business. For more […]

New Business, New York
March 17, 2020

COVID-19 Update from GLAS

1 April 2020 Dear Clients and Friends of GLAS First and foremost, on behalf of our global team, we hope you and your families are in good health at this challenging time. As we move into another week of lock down, we simply cannot believe the global escalation that has happened since our last bulletin […]

Australia, Client Services, GLAS Team, New York, Other News, Paris
February 13, 2020

GLAS appointed Agent on Curaleaf Senior Secured Term Loan Facility

February 2020, New York GLAS Trust Company LLC was appointed Administrative Agent and Collateral Agent on Curaleaf Holdings, Inc.’s US$300 million Senior Secured Term Loan Facility, used to refinance existing debt, satisfy transaction fees and expenses from previously announced acquisitions, fund capital expenditures and for general corporate purposes. Curaleaf Holdings, Inc. (CSE: CURA) (OTCQX: CURLF) […]

New Business, New York