GLAS News

November 13, 2017

GLAS appointed Trustee on Miller Homes High Yield Bond Issuance

November 2017, London Last month, Miller Homes Group closed its £425 million high yield bond issuance. GLAS Trustees Limited (GLAS Trustees) acted as trustee on the issuance. The transaction is an important milestone for the corporate trust practice at Global Loan Agency Services Limited (GLAS). Helena Giles, Head of Trustee Services at GLAS noted, “GLAS […]

GLAS Trustee Limited
November 6, 2017

GLAS expands it’s EMEA Business Development team

November 2017, London GLAS is delighted to announce its most recent Business Development hire, Vanessa Dibello.  Vanessa will work alongside the existing team based in London and will report into our Global Head of Sales, Xavier Poussardin. Vanessa joins GLAS from Intralinks where she expanded client relationships within UK law firms and financial advisors. She […]

GLAS Team
November 3, 2017

GLAS named ‘Best Trustee Services’ firm by ALT Credit Intelligence

2nd November 2017, London GLAS is thrilled to announce it has won the ‘Best Trustee Services’ award at this year’s prestigious ALT Credit European Services Awards ceremony.  GLAS faced a tough crowd in the nominations and tough competition from BNY Mellon, Deutsche Bank, and US Bank. This is the second award GLAS won in relation […]

Events, GLAS Team
October 17, 2017

GLAS appointed Trustee on Russian Fintech Company SimpleFinance

October 2017, London GLAS Trustees Limited (GLAS Trustees) has been appointed as security trustee on the U.S.$100,000,000 European Medium Term Note Programme issued by SF Holdings Company Plc (SimpleFinance). The proceeds of issuances under the programme will be on-lent to Microcredit Limited Liability Company “SimpleFinance”, a Russian fintech company specialising in accessible micro-lending to small […]

Client Services
October 13, 2017

GLAS makes key Deputy General Counsel appointment

13 October 2017, London GLAS is delighted to announce that it has hired Juliette Challenger as Deputy General Counsel for the Group.  Juliette joins from K&L Gates LLP where she was a Senior Associate in the Finance Team.  Before joining K&L Gates, Juliette trained and qualified into the Banking and Finance team at Wragge & […]

GLAS Team
September 18, 2017

GLAS expands European Client Services team

September 2017, London GLAS is delighted to announce its continued growth in London head office with the recent hire of Client Services Manager Manuj Sharma. Manuj joins GLAS from BlueBay Asset Management where he supported the High Yield and Direct Lending business, and managed the companies loan operations setup. Prior to BlueBay, Manuj built up […]

Client Services, GLAS Team
September 5, 2017

GLAS Australia announces appointment to roles in connection with the acquisition of Icon Group

Sydney, August 2017 – Global Loan Agency Services (GLAS) Australia, leading independent agency and security trustee services provider, has assumed Mezzanine Security Trustee and Mezzanine Facility Agent roles in connection with the acquisition of cancer care company Icon Group. The Icon Group is Australia’s largest private provider of cancer care and offers cancer patients three services […]

Australia
August 7, 2017

GLAS Trust Company appointed Successor Trustee for A.M. Castle Senior Notes

NEW YORK, August 2017 – GLAS TRUST COMPANY LLC, a leading independent provider of Corporate Trustee and Agency Services, has been appointed successor indenture trustee for A.M. Castle & Co.’s Convertible Senior Notes due 2017. A.M. Castle & Co. is a global distributor of specialty metals and supply chain services. “We are pleased to add A.M. Castle to our rapidly growing portfolio […]

New York
July 31, 2017

GLAS Trust Company appointed successor Trustee for TerraVia Senior Notes

NEW YORK, July 2017 –  GLAS TRUST COMPANY LLC, a leading independent provider of Trustee Services, has been appointed as successor Trustee for TerraVia’s 5% Convertible Senior Subordinated Notes due 2019. TerraVia is a US based biotechnology company. Mia Drennan, CEO of GLAS said I am delighted that GLAS Trust Company was able to assist TerraVia on […]

Client Services
June 26, 2017

GLAS USA appointed as Administrative Agent for Navico Inc. Credit Facility

NEW JERSEY – GLAS USA LLC, a leading independent provider of Administrative Agent and Trustee services, has been appointed Administrative Agent and Collateral Agent in connection with Navico Inc.’s recent credit facility. GLAS USA LLC is a subsidiary of Global Loan Agency Services Limited. For any questions or new business inquiries, please contact: Michael Amato 1-212-808-3053 michael.amato@glas.agency

New York
June 20, 2017

GLAS USA appointed as Successor Administrative Agent for CPEX Pharmaceutical Credit Facility

NEW JERSEY – GLAS USA LLC, a leading independent provider of Administrative Agent and Trustee services, has been appointed as successor Administrative Agent and Collateral Agent in connection with CPEX Pharmaceutical’s existing credit facility. GLAS USA LLC is a subsidiary of Global Loan Agency Services Limited. For any questions or new business inquiries, please contact: Michael Amato […]

GLAS Team, New York
November 13, 2017

GLAS appointed Trustee on Miller Homes High Yield Bond Issuance

November 2017, London

Last month, Miller Homes Group closed its £425 million high yield bond issuance. GLAS Trustees Limited (GLAS Trustees) acted as trustee on the issuance. The transaction is an important milestone for the corporate trust practice at Global Loan Agency Services Limited (GLAS). Helena Giles, Head of Trustee Services at GLAS noted, “GLAS is delighted to be involved with this important transaction for Miller Homes on this primary issuance in the EMEA region. Our independence as well as our front-office approach, means that GLAS offers a strong alternative to the bank corporate trust providers. We look forward to growing our relationship with Miller Homes”.

Mia Drennan, Chief Executive of GLAS stated, “This transaction underlines the rapid growth of our corporate trust practice, led by Helena. We are seen as a high level, service and people led alternative to the traditional players in the corporate trust space, and we see this as a very important part of our groups growth globally”.

The transaction involved the issuance by Miller Homes Group Holdings plc of £250 million 5.50% senior secured fixed-rate notes due 2024 and £175 million senior secured floating-rate notes due 2023.

The joint global coordinators and bookrunners were Barclays Bank PLC, Deutsche Bank, HSBC Bank PLC, Goldman Sachs International, Jefferies International Limited and Lloyds Bank PLC who were advised by Shearman & Sterling (London LLP). The Miller Homes Group Holdings plc was advised by Linklaters LLP. Banque Internationale à Luxembourg (BIL) acted as paying agent. GLAS Trustees and BIL were advised by K&L Gates LLP. Miller Homes was bought by Bridgepoint fund Bridgepoint Europe V.

Following this issuance, Miller Homes Group Holdings plc have acquired Miller Homes Holdings Limited, the parent company of the Miller Group. Founded in 1934, the Miller Group is one of the largest privately-owned U.K. housebuilders by number of property completions. Their business consists of acquiring land; obtaining planning and other consents; overseeing the development of homes and ancillary infrastructure; and then selling the homes to individual customers.

Global Loan Agency Services Limited was established in 2011 as an independent provider of finance administration services. Global Loan Agency Services Limited is a privately-owned business, founded by Mia Drennan and Brian Carne. The company was originally created to provide the market a willing participant in complex loan restructuring transactions where many large institutions are reluctant to take swift and cooperative action. We offer a wide range of administration services developed specifically for the debt market. We are an employee led organisation, with each employee directly participating in the success of the company. GLAS Trustees Limited is a direct subsidiary of Global Loan Agency Services Limited.

For more information, please contact:
media@glas.agency

GLAS Trustee Limited
November 6, 2017

GLAS expands it’s EMEA Business Development team

November 2017, London

GLAS is delighted to announce its most recent Business Development hire, Vanessa Dibello.  Vanessa will work alongside the existing team based in London and will report into our Global Head of Sales, Xavier Poussardin.

Vanessa joins GLAS from Intralinks where she expanded client relationships within UK law firms and financial advisors. She grew Intralinks’ market share and leadership in Italy working closely with corporate clients, investment banks, law firms and Private Equity funds. Vanessa has over 15 years’ experience in the marketplace and has been responsible for driving sales and business development efforts in existing and emerging markets in different geographies.

Vanessa will be focussing on the coverage of new private debt funds, advisors and sponsors in London and Southern Europe. Vanessa adds, “I am extremely excited to be joining GLAS at this incredible time of their international expansion.”

Mia Drennan, CEO, said “We are thrilled to add Vanessa to the GLAS team.  Her experience in Southern Europe and resulting network will be a real benefit as we continue to build our brand and grow market share across EMEA.”

Xavier Poussardin, Global Head of Sales, adds, “I am delighted to have Vanessa on board. She is a great fit within the sales team and will add a great amount of experience and depth in Southern Europe.

GLAS has offices in London, New York, New Jersey, Singapore, Sydney and Melbourne.

For more information, please contact:

media@glas.agency

GLAS Team
November 3, 2017

GLAS named ‘Best Trustee Services’ firm by ALT Credit Intelligence

2nd November 2017, London

GLAS is thrilled to announce it has won the ‘Best Trustee Services’ award at this year’s prestigious ALT Credit European Services Awards ceremony.  GLAS faced a tough crowd in the nominations and tough competition from BNY Mellon, Deutsche Bank, and US Bank. This is the second award GLAS won in relation to its high touch client service. Last year, GLAS was also recognised for its achievement as a leading administrator and was nominated the ‘Best Loan Administration – Client Services’ award.

Mia Drennan, Chief Executive Officer said, “This is a fabulous achievement for our global team who work extremely hard on complex matters. I am delighted that GLAS stood out in this category!”

GLAS has a global team of sixty individuals located in London, New York, New Jersey, Sydney and Melbourne.

For more information, please contact:
media@glas.agency

Events, GLAS Team
October 17, 2017

GLAS appointed Trustee on Russian Fintech Company SimpleFinance

October 2017, London

GLAS Trustees Limited (GLAS Trustees) has been appointed as security trustee on the U.S.$100,000,000 European Medium Term Note Programme issued by SF Holdings Company Plc (SimpleFinance). The proceeds of issuances under the programme will be on-lent to Microcredit Limited Liability Company “SimpleFinance”, a Russian fintech company specialising in accessible micro-lending to small and medium-sized business.

Helena Giles, Head of Trustee Services at GLAS notes, “we have been actively participating in discussions about developments in the finance markets including in the fintech market. We are excited to be involved in this programme, which was the first bond issuance for a Russian fintech company providing financial services to small and medium-sized business. We are delighted to have been part of this important transaction for SimpleFinance”.

Mia Drennan, Chief Executive of GLAS adds, “this transaction continues to underline the rapid growth of our corporate trust practice, led by Helena. We are seen as a high level, service and people led alternative to the traditional players in the corporate trust space, and we see this as a very important part of our group’s growth globally”.

The SimpleFinance Group (the Group) is a provider of financial products and services primarily to small and medium-sized businesses located in Russia. The Group’s principle assets are Microcredit Limited Liability Company “SimpleFinance”, Limited Liability Company “SimplyFi” and Limited Liability Company “TenderHub” which are Moscow based small business lenders that focus on fintech as a core component of their operations. The Group was founded in early 2015. The Group has a line of accessible financial products and services that encompass tender loans and other tender-related financial products, factoring, asset-based lending, cashflow lending and peer-to-peer lending for small and medium-sized businesses under the brand name SimplyFi. The Group employs proprietary advanced technologies and an electronic data interchange system that allows customers to have fast 24-hour access to all of the Group’s financial products. The Borrower is licensed by the Central Bank of Russia and is a member of the Association of Factoring Companies. The Group benefits from its access to a vast client base via its investors ecosystem and a strategically located office at Food City, one of the largest wholesale food distribution centres in Russia, and cross selling opportunities within its product offerings.

The Group was advised by Latham & Watkins in Moscow and London. K&L Gates LLP advised GLAS Trustees.

Global Loan Agency Services Limited was established in 2011 as an independent provider of finance administration services. Global Loan Agency Services Limited is a privately owned business, founded by Mia Drennan and Brian Carne. The company was originally created to provide the market a willing participant in complex loan restructuring transactions where many large institutions are reluctant to take swift and cooperative action. We offer a wide range of administration services developed specifically for the debt market. We are an employee led organisation, with each employee directly participating in the success of the company. GLAS Trustees Limited is a direct subsidiary of Global Loan Agency Services Limited.

For more information, please contact:
media@glas.agency

Client Services
October 13, 2017

GLAS makes key Deputy General Counsel appointment

13 October 2017, London

GLAS is delighted to announce that it has hired Juliette Challenger as Deputy General Counsel for the Group.  Juliette joins from K&L Gates LLP where she was a Senior Associate in the Finance Team.  Before joining K&L Gates, Juliette trained and qualified into the Banking and Finance team at Wragge & Co LLP (now Gowling WLG). Juliette will be working closely with GLAS General Counsel, Brian Carne.

Mia Drennan, CEO said “I am absolutely delighted that Juliette has decided to join our business at this exciting time in our growth and success”.

Juliette brings with her a wealth of expertise in corporate debt, capital markets and structured finance.  She has advised a variety of market participants including loan agents, trustees, corporate service providers, special servicers, financial institutions, debt funds, lenders, arrangers, and borrowers. Additionally, Juliette has been involved in a variety of complex, multi-jurisdiction transactions advising on new lending, senior and mezzanine lending and related intercreditor issues, receivables financings, and securitisation of commercial real estate mortgages, portfolios of loans, and residential mortgages. Juliette has also provided strategic advice in connection with the restructuring of stressed and distressed debt and assets, workouts and enforcements of debt, defaults and liquidations.

Juliette stated, “I am delighted to have joined the team at GLAS during this exciting time of continued growth for this dynamic business. GLAS’ innovative approach, flexibility and responsiveness makes it adaptable in constantly changing markets and is a distinguishing feature from its competitors in the industry, enabling it to pursue its clearly defined global development strategy, and offers a unique opportunity to work with GLAS’ global offices to provide and co-ordinate the provision of legal services across the growing range of products and services offered across the business.”

For more information, please contact:
samantha.dinnan@glas.agency, 0203 866 1473

GLAS Team
September 18, 2017

GLAS expands European Client Services team

September 2017, London

GLAS is delighted to announce its continued growth in London head office with the recent hire of Client Services Manager Manuj Sharma.

Manuj joins GLAS from BlueBay Asset Management where he supported the High Yield and Direct Lending business, and managed the companies loan operations setup. Prior to BlueBay, Manuj built up his experience in loan servicing at Nomura by administering the bank’s portfolio of loan positions.

Manuj stated, “The past few years have seen a clear decline in the service levels provided by many Agency banks. Having worked extensively with the GLAS team in the direct lending space, it has become apparent that a new benchmark in client services has been set.  An experienced and dynamic team are always ready to provide their expertise from deal execution right through the lifecycle of each transaction, which clearly sets GLAS aside from its competitors.  I am very much looking forward to joining such an exciting organisation to help build and grow the client services offering“.

Mia Drennan, CEO, said, “We are delighted to have Manuj join our team, his insight and experience as a previous Client is incredibly important to GLAS as we to continue to develop out our range of products and services.” 

GLAS has offices in London, New York, New Jersey, Singapore, Sydney and Melbourne.

For more information please contact:
Manuj Sharma, manuj.sharma@glas.agency

Client Services, GLAS Team
November 13, 2017

GLAS appointed Trustee on Miller Homes High Yield Bond Issuance

November 2017, London

Last month, Miller Homes Group closed its £425 million high yield bond issuance. GLAS Trustees Limited (GLAS Trustees) acted as trustee on the issuance. The transaction is an important milestone for the corporate trust practice at Global Loan Agency Services Limited (GLAS). Helena Giles, Head of Trustee Services at GLAS noted, “GLAS is delighted to be involved with this important transaction for Miller Homes on this primary issuance in the EMEA region. Our independence as well as our front-office approach, means that GLAS offers a strong alternative to the bank corporate trust providers. We look forward to growing our relationship with Miller Homes”.

Mia Drennan, Chief Executive of GLAS stated, “This transaction underlines the rapid growth of our corporate trust practice, led by Helena. We are seen as a high level, service and people led alternative to the traditional players in the corporate trust space, and we see this as a very important part of our groups growth globally”.

The transaction involved the issuance by Miller Homes Group Holdings plc of £250 million 5.50% senior secured fixed-rate notes due 2024 and £175 million senior secured floating-rate notes due 2023.

The joint global coordinators and bookrunners were Barclays Bank PLC, Deutsche Bank, HSBC Bank PLC, Goldman Sachs International, Jefferies International Limited and Lloyds Bank PLC who were advised by Shearman & Sterling (London LLP). The Miller Homes Group Holdings plc was advised by Linklaters LLP. Banque Internationale à Luxembourg (BIL) acted as paying agent. GLAS Trustees and BIL were advised by K&L Gates LLP. Miller Homes was bought by Bridgepoint fund Bridgepoint Europe V.

Following this issuance, Miller Homes Group Holdings plc have acquired Miller Homes Holdings Limited, the parent company of the Miller Group. Founded in 1934, the Miller Group is one of the largest privately-owned U.K. housebuilders by number of property completions. Their business consists of acquiring land; obtaining planning and other consents; overseeing the development of homes and ancillary infrastructure; and then selling the homes to individual customers.

Global Loan Agency Services Limited was established in 2011 as an independent provider of finance administration services. Global Loan Agency Services Limited is a privately-owned business, founded by Mia Drennan and Brian Carne. The company was originally created to provide the market a willing participant in complex loan restructuring transactions where many large institutions are reluctant to take swift and cooperative action. We offer a wide range of administration services developed specifically for the debt market. We are an employee led organisation, with each employee directly participating in the success of the company. GLAS Trustees Limited is a direct subsidiary of Global Loan Agency Services Limited.

For more information, please contact:
media@glas.agency

GLAS Trustee Limited
November 6, 2017

GLAS expands it’s EMEA Business Development team

November 2017, London

GLAS is delighted to announce its most recent Business Development hire, Vanessa Dibello.  Vanessa will work alongside the existing team based in London and will report into our Global Head of Sales, Xavier Poussardin.

Vanessa joins GLAS from Intralinks where she expanded client relationships within UK law firms and financial advisors. She grew Intralinks’ market share and leadership in Italy working closely with corporate clients, investment banks, law firms and Private Equity funds. Vanessa has over 15 years’ experience in the marketplace and has been responsible for driving sales and business development efforts in existing and emerging markets in different geographies.

Vanessa will be focussing on the coverage of new private debt funds, advisors and sponsors in London and Southern Europe. Vanessa adds, “I am extremely excited to be joining GLAS at this incredible time of their international expansion.”

Mia Drennan, CEO, said “We are thrilled to add Vanessa to the GLAS team.  Her experience in Southern Europe and resulting network will be a real benefit as we continue to build our brand and grow market share across EMEA.”

Xavier Poussardin, Global Head of Sales, adds, “I am delighted to have Vanessa on board. She is a great fit within the sales team and will add a great amount of experience and depth in Southern Europe.

GLAS has offices in London, New York, New Jersey, Singapore, Sydney and Melbourne.

For more information, please contact:

media@glas.agency

GLAS Team
November 3, 2017

GLAS named ‘Best Trustee Services’ firm by ALT Credit Intelligence

2nd November 2017, London

GLAS is thrilled to announce it has won the ‘Best Trustee Services’ award at this year’s prestigious ALT Credit European Services Awards ceremony.  GLAS faced a tough crowd in the nominations and tough competition from BNY Mellon, Deutsche Bank, and US Bank. This is the second award GLAS won in relation to its high touch client service. Last year, GLAS was also recognised for its achievement as a leading administrator and was nominated the ‘Best Loan Administration – Client Services’ award.

Mia Drennan, Chief Executive Officer said, “This is a fabulous achievement for our global team who work extremely hard on complex matters. I am delighted that GLAS stood out in this category!”

GLAS has a global team of sixty individuals located in London, New York, New Jersey, Sydney and Melbourne.

For more information, please contact:
media@glas.agency

Events, GLAS Team
October 17, 2017

GLAS appointed Trustee on Russian Fintech Company SimpleFinance

October 2017, London

GLAS Trustees Limited (GLAS Trustees) has been appointed as security trustee on the U.S.$100,000,000 European Medium Term Note Programme issued by SF Holdings Company Plc (SimpleFinance). The proceeds of issuances under the programme will be on-lent to Microcredit Limited Liability Company “SimpleFinance”, a Russian fintech company specialising in accessible micro-lending to small and medium-sized business.

Helena Giles, Head of Trustee Services at GLAS notes, “we have been actively participating in discussions about developments in the finance markets including in the fintech market. We are excited to be involved in this programme, which was the first bond issuance for a Russian fintech company providing financial services to small and medium-sized business. We are delighted to have been part of this important transaction for SimpleFinance”.

Mia Drennan, Chief Executive of GLAS adds, “this transaction continues to underline the rapid growth of our corporate trust practice, led by Helena. We are seen as a high level, service and people led alternative to the traditional players in the corporate trust space, and we see this as a very important part of our group’s growth globally”.

The SimpleFinance Group (the Group) is a provider of financial products and services primarily to small and medium-sized businesses located in Russia. The Group’s principle assets are Microcredit Limited Liability Company “SimpleFinance”, Limited Liability Company “SimplyFi” and Limited Liability Company “TenderHub” which are Moscow based small business lenders that focus on fintech as a core component of their operations. The Group was founded in early 2015. The Group has a line of accessible financial products and services that encompass tender loans and other tender-related financial products, factoring, asset-based lending, cashflow lending and peer-to-peer lending for small and medium-sized businesses under the brand name SimplyFi. The Group employs proprietary advanced technologies and an electronic data interchange system that allows customers to have fast 24-hour access to all of the Group’s financial products. The Borrower is licensed by the Central Bank of Russia and is a member of the Association of Factoring Companies. The Group benefits from its access to a vast client base via its investors ecosystem and a strategically located office at Food City, one of the largest wholesale food distribution centres in Russia, and cross selling opportunities within its product offerings.

The Group was advised by Latham & Watkins in Moscow and London. K&L Gates LLP advised GLAS Trustees.

Global Loan Agency Services Limited was established in 2011 as an independent provider of finance administration services. Global Loan Agency Services Limited is a privately owned business, founded by Mia Drennan and Brian Carne. The company was originally created to provide the market a willing participant in complex loan restructuring transactions where many large institutions are reluctant to take swift and cooperative action. We offer a wide range of administration services developed specifically for the debt market. We are an employee led organisation, with each employee directly participating in the success of the company. GLAS Trustees Limited is a direct subsidiary of Global Loan Agency Services Limited.

For more information, please contact:
media@glas.agency

Client Services
October 13, 2017

GLAS makes key Deputy General Counsel appointment

13 October 2017, London

GLAS is delighted to announce that it has hired Juliette Challenger as Deputy General Counsel for the Group.  Juliette joins from K&L Gates LLP where she was a Senior Associate in the Finance Team.  Before joining K&L Gates, Juliette trained and qualified into the Banking and Finance team at Wragge & Co LLP (now Gowling WLG). Juliette will be working closely with GLAS General Counsel, Brian Carne.

Mia Drennan, CEO said “I am absolutely delighted that Juliette has decided to join our business at this exciting time in our growth and success”.

Juliette brings with her a wealth of expertise in corporate debt, capital markets and structured finance.  She has advised a variety of market participants including loan agents, trustees, corporate service providers, special servicers, financial institutions, debt funds, lenders, arrangers, and borrowers. Additionally, Juliette has been involved in a variety of complex, multi-jurisdiction transactions advising on new lending, senior and mezzanine lending and related intercreditor issues, receivables financings, and securitisation of commercial real estate mortgages, portfolios of loans, and residential mortgages. Juliette has also provided strategic advice in connection with the restructuring of stressed and distressed debt and assets, workouts and enforcements of debt, defaults and liquidations.

Juliette stated, “I am delighted to have joined the team at GLAS during this exciting time of continued growth for this dynamic business. GLAS’ innovative approach, flexibility and responsiveness makes it adaptable in constantly changing markets and is a distinguishing feature from its competitors in the industry, enabling it to pursue its clearly defined global development strategy, and offers a unique opportunity to work with GLAS’ global offices to provide and co-ordinate the provision of legal services across the growing range of products and services offered across the business.”

For more information, please contact:
samantha.dinnan@glas.agency, 0203 866 1473

GLAS Team

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