GLAS News

May 11, 2018

GLAS Sponsor Global ABS Conference 2018 in Barcelona

GLAS is proud to announce their sponsorship of Global ABS, Europe’s most significant securitisation event. Back from Barcelona After an extremely successful Global ABS in Barcelona last week our delegates are back in the office. The GLAS sponsored conference was very well attended with close to 4,000 structured finance professionals and the mood was one […]

Events, GLAS Team
July 17, 2018

GLAS is lead sponsor of the LMA Syndicated Loans Conference 2018

On 25 September 2018, we will be a lead sponsor at the 11th annual LMA Syndicated Loans Conference – the flagship event for the syndicated loan market in EMEA. Building a sustainable future The theme of this year’s LMA Syndicated Loans conference is “Building a sustainable future“. As always, the syndicated loan market will continue […]

Events
May 29, 2018

GLAS Trust Company now has full DTCC Capabilities

May 2018, New York GLAS Trust Company is excited to announce that we can now offer services as a FAST Transfer Agent through the Depository Trust & Clearing Corporation (“DTCC” or “DTC”). Our connectivity with the DTC allows GLAS the ability to offer the market full services on closing global bond transactions, including closing the […]

New Business, New York
May 17, 2018

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. Interserve is an international support services and construction company based in the UK. […]

Restructuring
May 4, 2018

GLAS Americas Appointed Agent on Nine West Holdings, Inc

New York, May 2018 Nine West Holdings, Inc filed a voluntary petition for Chapter 11 bankruptcy court protection in New York. GLAS was appointed Successor Administrative Agent on an Unsecured Term Loan. As Administrative Agent, GLAS Trust Company LLC was appointed to the Official Committee of Unsecured Creditors. Nine West Holdings, Inc is a leading […]

New York
May 3, 2018

GLAS Appointed Trustee and Security Agent on Yell Bondco plc Senior Secured Notes

London, May 2018 Yell Bondco plc are issuing £225,000,000 8 ½% Senior Secured Notes due 2023 into Euroclear and Clearstream. The notes pay interest semi-annually and benefit from an English Law Security Interest Agreement, Debenture and Intercreditor Agreement. GLAS Trustees Limited has been appointed Trustee and Security Agent under the transaction documents. Leading online directory […]

GLAS Trustees Limited
April 30, 2018

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 loan portfolios to credit funds and looking to exit from the ancillary roles […]

Restructuring
April 20, 2018

GLAS Appointed Agent on Barings and Bank of Ireland Debt Financing

April 2018, London – GLAS were recently appointed Agent for a debt financing led by Barings and Bank of Ireland. Barings served as lead arranger of a multi-currency financing package to support Bertram Capital’s investment in a merger between U.K.-based Mardix (Holdings) Limited and Anord Control Systems, Ltd. of Dundalk, Ireland, an existing Bertram Capital […]

Client Services
April 20, 2018

GLAS Appointed as Trustee on $10,000,000,000 Repackaging Programme

April 2018, London – GLAS is delighted to announce its recent appointment as Trustee to the ARQ P Notes B.V. Programme, a USD 10bn repackaging programme involving the issuance of notes and warrants linked to the value and performance of underlying shares of certain companies, predominantly in the Middle East. The programme is highly active, […]

Client Services
March 20, 2018

GLAS appointed Escrow Agent on the sale of an Ideal Standard manufacturing plant to Saxa Gres

March 2018 London – Ideal Standard is a multinational company headquartered in Belgium, specialising in bathroom, sanitary ware and plumbing fixtures for homes, airports and hotels. Ideal Standard operates in Europe, the Middle East and North Africa. Saxa Gres is a private Italian company focused on recycling industrial waste into the production of porcelain stoneware […]

Client Services
May 11, 2018

GLAS Sponsor Global ABS Conference 2018 in Barcelona

GLAS is proud to announce their sponsorship of Global ABS, Europe’s most significant securitisation event.


Back from Barcelona

After an extremely successful Global ABS in Barcelona last week our delegates are back in the office. The GLAS sponsored conference was very well attended with close to 4,000 structured finance professionals and the mood was one of optimism.

Global ABS 2018

GLAS welcomed delegates to our stand where the team enjoyed meeting clients, contacts and old friends and discussing GLAS’ services and market updates.

Lively discussion panel

On Wednesday afternoon GLAS CEO and Founder, Mia Drennan, was a panel speaker and participated in a lively discussion around “Hot Spots for Performing and Re-Performing Portfolio Disposals in 2018”.

The panel were in agreement that bank deleveraging continues to be a driver of European loan portfolio sales, and that securitisation continues to play a key role in the refinancing of these portfolio acquisitions. GLAS has recently witnessed this first hand, acting as Note Trustee, Security Agent and Registrar on the securitisation of an NPL portfolio of Spanish real estate assets.

A broader range of transactions

Other key themes which emerged across the week included the development of a broader range of transactions with more focus on esoteric asset classes; the re-emergence of CMBS; and the continuing proliferation of innovative marketplace lending platforms and use of fintech in the structured finance industry.

There was also much discussion around the role of the trustee in structured finance transactions, which was centred on key considerations in relation to indemnities, dispute resolution and exercising discretion.


We’re packing for Barcelona

promotional items

GLAS is getting ready to head to Barcelona next week for #GlobalABS We have some exciting giveaways to share with you and information on new products and services. Come find us on the floor, we look forward to seeing you. Don’t forget the suncream!


The GLAS Team at Global ABS 2018

Eight GLAS delegates will be representing the company at the annual conference, including:

Mia Drennan, Chief Executive Officer
Steven Hodgetts, Head of EMEA, Strategy and Business Development
Xavier Poussardin, Global Head of Business Development
Joanne Brooks, Head of GLAS London
Juliette Challenger, Deputy General Counsel
Stuart Draper, Chief Operating Officer
Paul Cattermole, Head of Trustee Services
Kate Lagoe, Business Development

Please feel free to stop by our booth to meet the team and discuss our services!

For more information please visit https://www.imn.org/ or contact media@glas.agency.


Global ABS – Barcelona 2018

GLAS are proud to be an Associate Sponsor of the 22nd Annual Global ABS taking place on 5-7 June 2018, in Barcelona, Spain.

afme imn logos

The event run by AFME and IMN is expected to attract over 3,500 leaders in the global ABS market, making it the largest annual European structured finance gathering.

Past keynote speakers have included Members of the European Parliament, senior leaders at the European Central Bank and European Banking Authority, ESMA, and other important regulatory and political figures.


Where is the venue?

Centre Convencions Internacional Barcelona

Centre Convencions Internacional Barcelona
Placa de Willy Brandt, 11-14
Barcelona, 8019
Spain

Events, GLAS Team
July 17, 2018

GLAS is lead sponsor of the LMA Syndicated Loans Conference 2018

On 25 September 2018, we will be a lead sponsor at the 11th annual LMA Syndicated Loans Conference – the flagship event for the syndicated loan market in EMEA.

Building a sustainable future

The theme of this year’s LMA Syndicated Loans conference is “Building a sustainable future“. As always, the syndicated loan market will continue to provide borrowers with the funds necessary to turn vision into investment, thus generating profit, employment and economic growth.

The need for sustainable solutions

Borrowers and lenders are increasingly mindful of the impact of their decisions and the need for sustainable solutions to complex problems, a task that the loan market has proven itself more than capable of undertaking, thanks to the flexibility and availability of the product. The loan market will therefore continue to be at the forefront of delivering a sustainable future for all.

The conference offers the perfect opportunity to hear senior industry professionals discuss the trends, challenges and opportunities impacting the syndicated loan market, with sustainability now top of the agenda.

900 delegates!

Last year’s conference attracted record numbers, with 900 delegates attending on the day. Equally as high numbers in 2018 so register now to ensure you don’t miss out.


When and where?

QEII Centre
25 September 2018; 09:00 – 17:35, followed by a drinks reception
QEII Centre, Broad Sanctuary, Westminster, London, SW1P 3EE

Book your place now

LMA Members can register HERE.
Not a member of the LMA? click here to join.

Links

Loan Market Association – https://www.lma.eu.com/londonconference2018/

Co-sponsors

Baker Mckenzie https://www.bakermckenzie.com
Fitch Ratings https://www.fitchratings.com

Events
May 29, 2018

GLAS Trust Company now has full DTCC Capabilities

May 2018, New York

GLAS Trust Company is excited to announce that we can now offer services as a FAST Transfer Agent through the Depository Trust & Clearing Corporation (“DTCC” or “DTC”). Our connectivity with the DTC allows GLAS the ability to offer the market full services on closing global bond transactions, including closing the bonds through the depositary, as well as paying agent, transfer agent and registrar services. In addition to these new capabilities, GLAS is able to serve as exchange agent, tender agent, consent solicitation agent, settlement agent and tabulation agent on all DTC related transactions.

For more information please contact media@glas.agency.

New Business, New York
May 23, 2018

GLAS Appointed Note Trustee, Security Agent and Registrar on a Securitisation Transaction

May 2018, London – GLAS was recently appointed as Note Trustee, Security Agent and Registrar on a Spanish real estate NPL securitisation transaction. The Issuer, a Luxembourg SPV, issued a total of EUR 125 million notes across two of its “compartments”, comprising of different classes and seniority (the “Notes”). The Notes are private placement issuances and are a refinancing of a pre-existing deal. The Notes are not listed on any stock exchange and are unrated. GLAS as Security Agent holds English, Spanish and Luxembourg security on behalf of the secured creditors.

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

New Business
May 17, 2018

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.

Interserve is an international support services and construction company based in the UK.

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

 

Restructuring
May 4, 2018

GLAS Americas Appointed Agent on Nine West Holdings, Inc

New York, May 2018

Nine West Holdings, Inc filed a voluntary petition for Chapter 11 bankruptcy court protection in New York. GLAS was appointed Successor Administrative Agent on an Unsecured Term Loan. As Administrative Agent, GLAS Trust Company LLC was appointed to the Official Committee of Unsecured Creditors.

Nine West Holdings, Inc is a leading women’s footwear, accessories and apparel company with brands including Nine West, Anne Klein and Gloria Vanderbilt.

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

New York
May 11, 2018

GLAS Sponsor Global ABS Conference 2018 in Barcelona

GLAS is proud to announce their sponsorship of Global ABS, Europe’s most significant securitisation event.


Back from Barcelona

After an extremely successful Global ABS in Barcelona last week our delegates are back in the office. The GLAS sponsored conference was very well attended with close to 4,000 structured finance professionals and the mood was one of optimism.

Global ABS 2018

GLAS welcomed delegates to our stand where the team enjoyed meeting clients, contacts and old friends and discussing GLAS’ services and market updates.

Lively discussion panel

On Wednesday afternoon GLAS CEO and Founder, Mia Drennan, was a panel speaker and participated in a lively discussion around “Hot Spots for Performing and Re-Performing Portfolio Disposals in 2018”.

The panel were in agreement that bank deleveraging continues to be a driver of European loan portfolio sales, and that securitisation continues to play a key role in the refinancing of these portfolio acquisitions. GLAS has recently witnessed this first hand, acting as Note Trustee, Security Agent and Registrar on the securitisation of an NPL portfolio of Spanish real estate assets.

A broader range of transactions

Other key themes which emerged across the week included the development of a broader range of transactions with more focus on esoteric asset classes; the re-emergence of CMBS; and the continuing proliferation of innovative marketplace lending platforms and use of fintech in the structured finance industry.

There was also much discussion around the role of the trustee in structured finance transactions, which was centred on key considerations in relation to indemnities, dispute resolution and exercising discretion.


We’re packing for Barcelona

promotional items

GLAS is getting ready to head to Barcelona next week for #GlobalABS We have some exciting giveaways to share with you and information on new products and services. Come find us on the floor, we look forward to seeing you. Don’t forget the suncream!


The GLAS Team at Global ABS 2018

Eight GLAS delegates will be representing the company at the annual conference, including:

Mia Drennan, Chief Executive Officer
Steven Hodgetts, Head of EMEA, Strategy and Business Development
Xavier Poussardin, Global Head of Business Development
Joanne Brooks, Head of GLAS London
Juliette Challenger, Deputy General Counsel
Stuart Draper, Chief Operating Officer
Paul Cattermole, Head of Trustee Services
Kate Lagoe, Business Development

Please feel free to stop by our booth to meet the team and discuss our services!

For more information please visit https://www.imn.org/ or contact media@glas.agency.


Global ABS – Barcelona 2018

GLAS are proud to be an Associate Sponsor of the 22nd Annual Global ABS taking place on 5-7 June 2018, in Barcelona, Spain.

afme imn logos

The event run by AFME and IMN is expected to attract over 3,500 leaders in the global ABS market, making it the largest annual European structured finance gathering.

Past keynote speakers have included Members of the European Parliament, senior leaders at the European Central Bank and European Banking Authority, ESMA, and other important regulatory and political figures.


Where is the venue?

Centre Convencions Internacional Barcelona

Centre Convencions Internacional Barcelona
Placa de Willy Brandt, 11-14
Barcelona, 8019
Spain

Events, GLAS Team
July 17, 2018

GLAS is lead sponsor of the LMA Syndicated Loans Conference 2018

On 25 September 2018, we will be a lead sponsor at the 11th annual LMA Syndicated Loans Conference – the flagship event for the syndicated loan market in EMEA.

Building a sustainable future

The theme of this year’s LMA Syndicated Loans conference is “Building a sustainable future“. As always, the syndicated loan market will continue to provide borrowers with the funds necessary to turn vision into investment, thus generating profit, employment and economic growth.

The need for sustainable solutions

Borrowers and lenders are increasingly mindful of the impact of their decisions and the need for sustainable solutions to complex problems, a task that the loan market has proven itself more than capable of undertaking, thanks to the flexibility and availability of the product. The loan market will therefore continue to be at the forefront of delivering a sustainable future for all.

The conference offers the perfect opportunity to hear senior industry professionals discuss the trends, challenges and opportunities impacting the syndicated loan market, with sustainability now top of the agenda.

900 delegates!

Last year’s conference attracted record numbers, with 900 delegates attending on the day. Equally as high numbers in 2018 so register now to ensure you don’t miss out.


When and where?

QEII Centre
25 September 2018; 09:00 – 17:35, followed by a drinks reception
QEII Centre, Broad Sanctuary, Westminster, London, SW1P 3EE

Book your place now

LMA Members can register HERE.
Not a member of the LMA? click here to join.

Links

Loan Market Association – https://www.lma.eu.com/londonconference2018/

Co-sponsors

Baker Mckenzie https://www.bakermckenzie.com
Fitch Ratings https://www.fitchratings.com

Events
May 29, 2018

GLAS Trust Company now has full DTCC Capabilities

May 2018, New York

GLAS Trust Company is excited to announce that we can now offer services as a FAST Transfer Agent through the Depository Trust & Clearing Corporation (“DTCC” or “DTC”). Our connectivity with the DTC allows GLAS the ability to offer the market full services on closing global bond transactions, including closing the bonds through the depositary, as well as paying agent, transfer agent and registrar services. In addition to these new capabilities, GLAS is able to serve as exchange agent, tender agent, consent solicitation agent, settlement agent and tabulation agent on all DTC related transactions.

For more information please contact media@glas.agency.

New Business, New York
May 23, 2018

GLAS Appointed Note Trustee, Security Agent and Registrar on a Securitisation Transaction

May 2018, London – GLAS was recently appointed as Note Trustee, Security Agent and Registrar on a Spanish real estate NPL securitisation transaction. The Issuer, a Luxembourg SPV, issued a total of EUR 125 million notes across two of its “compartments”, comprising of different classes and seniority (the “Notes”). The Notes are private placement issuances and are a refinancing of a pre-existing deal. The Notes are not listed on any stock exchange and are unrated. GLAS as Security Agent holds English, Spanish and Luxembourg security on behalf of the secured creditors.

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

New Business
May 17, 2018

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.

Interserve is an international support services and construction company based in the UK.

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

 

Restructuring

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