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 […]
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 […]
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, […]
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 […]
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 […]
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 […]
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) […]
January 2020, New York GLAS has been appointed Term Agent on Chesapeake Energy Corporation’s USD 1.5 billion term loan due 2024. Chesapeake Energy is a US based company engaged in hydrocarbon exploration. For more information, please contact email@example.com.
November 2019, New York GLAS has been appointed Administrative Agent and Collateral Agent on Barri Financial Group’s first-lien term loan. Barri is based in Texas with locations around the US. For more information, please contact firstname.lastname@example.org.
October 2019, New York GLAS USA LLC was recently appointed Administrative Agent on Murray Energy’s $350 million DIP Facility. Murray Energy is America’s largest private coal miner. For more information, please contact email@example.com.