Talking Debt with GLAS
Uncover key variables that formed the perfect storm for direct lending activity.
Uncover key variables that formed the perfect storm for direct lending activity.
Learn more about the complexities of financing debt in growing French markets.
By Mia Drennan and Tino Mehlmann It’s no secret that the distressed sector has lulled since the dog days of the pandemic. Investors, attorneys, and advisors shared this observation at the Turnaround Management Association’s Distressed Investing Conference in Las Vegas, which we attended last month. In our conversations with conference delegates, we identified several key […]
GLAS’s U.S. business expands, driven by market growth.
Earlier this quarter, GLAS had the opportunity to attend the 2021 TMA Australia Conference to discuss challenges and opportunities for turnaround professionals in the new year. Learn more about the key themes from this conference in Managing Director Kate White’s latest article.
For the first time in more than 35 years, the way that we calculate interest rates will no longer be a straightforward process.
As companies face restructuring and bankruptcy proceedings into 2022, deal parties must carefully consider the agent work on their transaction to ensure a smooth closing. Read GLAS’s takeaways for parties navigating agent selection or transition.
In the wake of some notable high profile failures of PIK notes in debt restructurings following the financial crisis, arrangements combining a variety of debt and equity-like characteristics have been re-emerging with a variety of features which make these more attractive to companies and investors alike. This article focuses on the increasing trend for innovative uses of PIK notes in such financing arrangements.
The use of company voluntary arrangements and court sanctioned schemes of arrangement as tools to restructure the debts of a company in financial difficulties has continued to increase in popularity in recent times, particularly in the retail sector, as an alternative to formal insolvency procedures, with the aim of generating better financial outcomes for the company in question and its creditors.
