Restructuring

July 7, 2020

GLAS Appointed Agent for HEMA Consent Solicitation

London, July 2020 GLAS Specialist Services Limited has been appointed Information and Tabulation Agent for the HEMA Bondco II B.V. Consent Solicitation, relating to the €150,000,000 8.50% Senior Notes due 2023 as outlined below: Regulation S Notes Common Code: 164764508 ISIN Number: XS1647645081 Rule 144A Notes Common Code: 164764524 ISIN Number: XS1647645248 The consent solicitation […]

Restructuring
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 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
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
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
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 […]

Restructuring
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 […]

Restructuring
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