Our Luxembourg restructuring teams represented GLAS in its capacity as Agent and Security Agent in the acquisition of the shares in the Italian football club F.C. Internazionale Milano S.p.A. (Inter Milan) by Oaktree Capital, following the non-payment of approximately €395 million due under its loan arrangements with Oaktree. Oaktree now indirectly owns 99.6% of the share capital of Inter Milan.
GLAS is a privately owned, conflict free boutique provider of debt administrative services. Originally created to provide the market a willing participant in complex loan restructuring transactions, GLAS is a pioneer in the non-bank loan agency and corporate trustee market place, with a focus on providing administrative solutions to complex transactions.