December 16, 2019

GLAS appointed Trustee and Security Agent for debt restructuring, pre-pack administration and acquisition of Seven Energy

December 2019, London Acting as Trustee, GLAS Trust Corporation Limited has been involved in the Seven Energy restructuring which started over two years ago in respect of the USD318 million 10.25% Senior Secured Notes due 2021 issued by Seven Energy Finance Limited. Savannah Petroleum acquired 96.04% of the Seven Energy Notes as part of an […]

New Business, Restructuring
July 15, 2019

GLAS appointed New Bond Trustee on Galapagos senior secured notes indenture

July 2019, London On 12 July 2019, Galapagos issued a notice to holders of Senior Secured Floating Rates due 2021 and 5.375% Senior Secured Fixed Rate Notes due 2021. The notice highlights the following: GLAS Trustees Limited has been appointed as trustee under the SSN Indenture and Intercreditor Agreement, replacing Deutsche Trustee Company Limited; GLAS […]

July 5, 2019

GLAS appointed Security Agent and Trustee on Galapagos Restructuring

July 2019, London Galapagos SA is a public limited liability company (Société Anonyme) incorporated under the laws of the Grand Duchy of Luxembourg. GLAS Trust Corporation Limited has been appointed Security Agent and GLAS Trustees Limited has been appointed Trustee in respect of the Senior Secured Floating Rate Notes due 2021. For more information, please […]

GLAS Team, Restructuring
May 10, 2019

GLAS have been appointed on New Look’s Senior Secured Notes

May 2019, London New Look Financing Plc (the “Issuer”) has appointed GLAS as Trustee, Security Agent, Paying Agent, Registrar and Transfer Agent on Sterling-denominated 12% Senior Secured PIK Notes due 2024 and Euro-denominated 12% Senior Secured PIK Notes due 2024 of New Money Bonds and Reinstated Senior Secured Notes of the Issuer. Previously, GLAS had […]

January 30, 2019

GLAS to attend 2019 TMA Distressed Investing Conference

Delegates from GLAS will be attending the 2019 TMA Distressed Investing Conference February 6th to 8th in Las Vegas. The TMA Distressed Investing Conference is the preferred meeting place for corporate restructuring and distressed investing professionals. For those interested in networking opportunities please email For more information on the event, please click here.

Events, GLAS Team, Restructuring
May 17, 2018

GLAS Appointed Agent on Interserve Transaction

  London, May 2018 – GLAS was appointed Global Agent, Facility Agent and Security Agent on Interserve Group Holdings Limited’s £291 million Term and Instrument Facility. Interserve PLC signed off on its full debt refinancing, secured with borrowing facilities equalling £834 million. Interserve is an international support services and construction company based in the UK. […]

April 30, 2018

CEO Mia Drennan featured in Finance Monthly

GLAS CEO Mia Drennan was featured in the latest edition of Finance Monthly, discussing restructuring trends in the UK. The lightbulb moment came at the time of the credit crunch and the need for institutional debt to be restructured. Banks were selling loan portfolios to credit funds and looking to exit from the ancillary roles […]

April 19, 2017

GLAS plays key role in completion of Abengoa debt restructuring

London, April 2017 GLAS, the leading independent Agency services provider, was mandated in the key role as Restructuring Agent on the highly complex Abengoa, S.A. transaction. GLAS was instrumental in centralising communications, managing various waivers and consents and assisting the deal parties in getting the restructuring over the line. The deal involved implementation of a restructuring plan […]

Client Services, Restructuring
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