GLAS Italy

The independent debt administration services agency

For over fifteen years, the Italian team has been providing independent agency services and tools for credit management and monitoring. Our operating model, supported by consolidated experience and technological innovation, ensures high quality standards for our clients.

LAS Customer Portals

Following the acquisition of LAS in 2026, the experience, the broad range of services and the Milan and Rome teams have been fully integrated under the GLAS Group.

GLAS Italy now offers significantly strengthened expertise in the areas of restructuring agreements, corporate finance and structured finance transactions, capital markets and credit servicing, thanks to professionals experienced in complex and high‑profile Italian transactions.

Over the years, the Italian team has worked on numerous transactions, covering deals of every type and size: distressed situations, pre- and post-restructuring transactions, complex multi-lender structures, as well as traditional corporate financings.

Corporate Finance

GLAS Italy acts as agent in financial transactions governed by Italian or Anglo-Saxon law, secured by guarantees of various kinds, including public guarantees (SACE and MCC).

Our services include:

Support in the negotiation phase
Conditions precedent, disbursements and waterfall
Calculation of rates and amounts
Security management
Escrow agent
Financial and ESG covenants
Waivers and contractual amendments
Permanent transaction archive

Equity & Debt Capital Markets

End-to-end support for the issuance, management and monitoring of financial instruments, acting in roles such as Issuing Agent, Calculation Agent, Paying Agent, Security Agent, Trustee, Listing Sponsor and Bondholders’ Representative under Italian and English law for issuers, investors and securitisation vehicles.

Our services include:

Interaction with Euronext and the Bank of Italy for shares, bonds and other financial instruments
ISIN code
Calculation of rates and amounts
Payments, maturities and contractual obligations
Representation of stakeholders
Monitoring and periodic reporting
Listing application requests
Insider register

Restructuring Agency

GLAS Italy provides services in the context of major restructuring agreements, ensuring independent and conflict-free administration in complex processes involving multiple creditors. We facilitate communication between companies and banks and support the various parties from the negotiation phase onwards.

Within the framework of the Composizione Negoziata della Crisi d’Impresa, GLAS Italy’s involvement fosters coordination among the parties involved and accelerates financial decision-making.

Our services include:

Organization and management of conference calls and meetings
Virtual data room
Conditions precedent
Contractual obligations and financial covenants
Material events, waivers and contractual amendments
Tailored agency reports
Distribution lists

Credit Servicing

GLAS Italy supports banks, funds and other financial operators with advanced back-end services and technological tools for the monitoring of financings, credit lines and other financial instruments.

Our services include:

Onboarding of credit portfolios and data remediation
Amortisation schedules, disbursements and repayments
Interest calculations and notices
Covenants and security
GBV, NPV, IRR, threshold rates
Regulatory and management reporting
Document archive
Proxy service
Tailored services and customised solutions

Restructuring Agency

Within the framework of the Composizione Negoziata della Crisi d’Impresa, GLAS Italy’s involvement fosters coordination among the parties involved and accelerates financial decision-making.

Our services include:

Organization and management of conference calls and meetings
Virtual data room
Conditions precedent
Contractual obligations and financial covenants
Material events, waivers and contractual amendments
Tailored agency reports
Distribution lists

Credit Servicing

GLAS Italy supports banks, funds and other financial operators with advanced back-end services and technological tools for the monitoring of financings, credit lines and other financial instruments.

Our services include:

Onboarding of credit portfolios and data remediation
Amortisation schedules, disbursements and repayments
Interest calculations and notices
Covenants and security
GBV, NPV, IRR, threshold rates
Regulatory and management reporting
Document archive
Proxy service
Tailored services and customised solutions

Technology

GLAS Italy enhances its service offering the CAL LAS platform, an advanced, comprehensive and flexible solution, designed for use by funds and financial operators that need to manage portfolios of financings, credit lines and other financial instruments, both performing and distressed.

Key capabilities include: