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 …
PizzaExpress Restructuring Successfully Completed
November 2020, London PizzaExpress, the international casual dining group, successfully completed its comprehensive debt restructuring on 5 November 2020. As a result of the transaction, the group’s external debt has more than halved, from £735 million to £319 million, with debt maturities …
PizzaExpress Granted Chapter 15 Recognition
November 2020, New York UK chain restaurant PizzaExpress has received Chapter 15 recognition for its UK restructuring plan, under the new Part 26A of the UK Companies Act yesterday. This will allow the company to procced with a reorganisation that will reduce …
HEMA Debt Restructuring Successfully Completed
October 2020, London One of the largest and oldest Dutch generic housewares retailers, HEMA Group, engaged GLAS to work on its complex debt restructuring which successfully completed last week. On completion of the restructuring, HEMA’s existing bond debt, which originally amounted to …
GLAS appointed Collateral Agent for Frigorifico Concepción Restructuring
October 2020, New York GLAS was recently appointed Collateral Agent for Frigorífico Concepción under the Bolivian Law Documents and the Paraguayan Share Pledge Agreement in connection with the Indenture entered into on January 29, 2020. Frigorífico Concepción is a meat wholesaler based …
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