Restructuring

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June 12, 2023

GLAS acted as Restructuring Agent, new Facility Agent and Global Security Agent on the first-of-its-kind restructuring of international shipping company Vroon

LONDON, UK (12 June 2023) GLAS acted as Restructuring Agent, new Facility Agent and Global Security Agent among other roles on the first-of-its-kind restructuring of international shipping company Vroon, which completed on 12 June 2023. First-of-its-kind restructuring This was the first restructuring to be carried out using a parallel English scheme of arrangement and Dutch […]

EMEA, London, Restructuring
May 11, 2022

Leading Global Institutional Debt Administration Firm GLAS Receives Strategic Investment from Levine Leichtman Capital Partners

LONDON (May 11, 2022) GLAS, the leading independent provider of institutional debt administration services, is pleased to announce it has received a strategic investment from leading mid-market private equity firm Levine Leichtman Capital Partners (“LLCP”). Terms of the transaction were not disclosed. Headquartered in London, GLAS has more than 180 employees across its global offices […]

Australia, Bondholder Notice, Client Services, Consent Solicitation, Direct Lending, EMEA, Frankfurt, GLAS Team, GLAS Trustee Limited, Live Transactions, London, Manchester, New Business, New York, Other News, Paris, Post Types, Restructuring, Standard Posts
March 10, 2022

Anticipating a Restructuring Wave: Q&A with Three GLAS Senior Leaders

The evolving pandemic recovery, inflation worries and preparations for rising interest rates around the globe have debt market participants weighing the likelihood of a wave of restructuring activity in H2 2022. Three senior women at GLAS—Group President Mia Drennan, Head of EMEA Joanne Brooks, and Senior Transaction Manager Katie Lacey—sat down to discuss what’s ahead […]

GLAS Team, Restructuring
January 24, 2022

GLAS appointed Information Agent for Smile Telecoms Restructuring Plan

GLAS Specialist Services Limited has been appointed Information Agent in respect of the Restructuring Plan launched by Smile Telecoms, an African telecommunications provider. This is a landmark precedent as it is the first time since the introduction of the Restructuring Plan that the English High Court has used its discretion under section 901C(4) of the Companies […]

EMEA, London, New Business, Restructuring
June 15, 2021

GLAS Appointed Facility Agent and Security Agent on Smile Telecom Restructuring

June 2021, London GLAS has recently been appointed Facility Agent and Security Agent on the US$50 million super senior new money injection to Smile Telecom Group in relation to the financial restructuring of the company and its subsequent implementation through a restructuring plan under part 26A of the English Companies Act 2006. Smile Telecom is […]

Restructuring
January 26, 2021

GLAS Appointed Facility, Security, and Information Agent for Gategroup

January 2021, London GLAS has recently been appointed as Facility Agent and Security Agent on Gategroup’s interim term loan facility. GLAS has also been appointed as Information Agent in connection with the group’s implementation of its proposed restructuring plan. Gategroup is a Swiss-headquartered group providing services to the international travel industry, including retail on-board services […]

Restructuring
January 20, 2021

GLAS Appointed Facility Agent and Security Agent for Nynas AB Restructuring

January 2021, London GLAS has recently been appointed as the Syndicate Facility Agent (Global Loan Agency Services Limited) and Security Agent (GLAS Trust Corporation Limited) on the restructuring of the financial indebtedness of Nynas AB, a Swedish manufacturer of specialty naphthenic oils and bitumen products. The restructuring was implemented through a Swedish composition process and […]

Restructuring
January 14, 2021

GLAS Appointed as Note Trustee for EA Partners II B.V.

January 2021, London GLAS Trustees Limited has replaced BNY Mellon Corporate Trustee Services as Note Trustee for EA Partners II B.V.’s US$500 million 6.750% notes maturing in June 2021, as approved by extraordinary resolutions of Bondholders. GLAS is the leading independent provider of debt administration services, providing services to clients globally with operations in the […]

Restructuring