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 …
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 …
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. …
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 …
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 …
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 …
GLAS have been appointed on several successor roles on New Look Restructuring
April 2019, London New Look Secured Issuer plc has recently appointed GLAS as Successor Note Trustee, Security Agent, Paying Agent, Registrar, Transfer Agent and Calculation Agent for its £700 million 6.5% Senior Secured Notes due 2022 and EUR415 million Floating Rate Senior …
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 …
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. …
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 …
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 …
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 …
