High Yield
The GLAS high yield team works with issuers and bondholders to service high yield debt transactions across many industry sectors and jurisdictions.
GLAS is the only independent Agent fully approved by Euroclear/Clearstream and DTC to act as Principal Paying Agent on 144A and Reg S issuances.
High yield debt administration provides fiduciary and operational services to both the issuer and the investors of high yield bonds.
A high yield administrator will typically offer a range of services that provide structure, transparency, and reliability to the high yield bond market, which can be complex and risky.
When might high yield loans be needed?
- Restructuring
- Mergers and acquisitions
- Project finance
- Refinancing
- Bridge financing
- Distressed or turnaround situations
- Cash flow
GLAS services include
- Calculation Agent
- DTC FAST Transfer Agent
- Escrow Agent
- Holding Period Trustee
- Noteholder Representative
- Paying Agent
- Registrar
- Settlement Agent
- Successor Trustee
- Transfer Agent
- Trustee/Fiscal Agent
Connect with a GLAS Professional
GLAS is ready to help. To explore our services further speak to a GLAS professional today.
What makes GLAS the right fit?
- Close relationship with clearing houses – Euroclear/Clearstream and DTC
- Internal legal team for Paying Agent, Transfer Agent and Registrar roles (but not for Note Trustee)
- Dedicated Transaction Manager and commercial point of contact
- Operations in all major financial markets
- Security held in over 100 locations
- In house DCM experts with extensive blue-chip experience
- Standardised Escrow Agreements
- 48 hour KYC
Recent transactions
Browse the successful transactions we have recently worked on.
Recent transactions
Browse the successful transactions we have recently worked on.
GLAS