GLAS Specialist Services Limited acted as Information Agent on the successful Adler Group S.A. Restructuring Plan
German real estate company Adler Group S.A. and its subsidiaries successfully implemented a restructuring through a UK Part 26A Restructuring Plan. The Plan included amendments to the terms and conditions of certain of its bonds with an aggregate nominal amount of €3.2 …
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. …
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 …
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 …
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 …
GLAS Capital Markets Team Appointed on Numerous Roles for Inspired Entertainment’s GBP 235 Million Bond Issuance
May 2021, London GLAS has recently been appointed to act as Indenture Trustee, Paying Agent, Registrar and Transfer Agent for Inspired Entertainment’s GBP 235 million 7.875% Senior Secured Notes due 2026 and as Facility Agent on its new GBP 20 million super …
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 …
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 …
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 …
GLAS Trust Company LLC Appointed as Trustee in Connection with J. C. Penney Bankruptcy Sale
December 10, 2020, New York American department store chain J. C. Penney announced on December 7, 2020 that it had closed on the sale of its operating business. GLAS Trust Company LLC has been appointed as Trustee for the Earnout Trust created …
Solocal Debt Restructuring Successfully Completed
November 2020, Paris The partial equitization of debt for Solocal, a company specialising in advertising and digital marketing, has successfully completed. As a result, the Group will receive cash proceeds for an amount of €85 million (net of the Support Fee) and …
Codere Restructuring Successfully Completed
November 2020, London The restructuring of international gaming operator, Codere Group, successfully completed last week. On completion of the restructuring, Codere Group’s new financing totals EUR 250 million through Super-Senior Notes issued in two tranches in Reg S and 144A form, via …
