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Mark Glengarry
Counsel, London
Contact Info
Mark Glengarry
Counsel
5 Old Broad Street
London EC2N 1DW
United Kingdom
T: + 44 20 7532 1235
F: + 44 20 7532 1001
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Practice Experience
Mark is counsel in the Firm’s Banking & Capital Markets group in London. Mark specialises in financial restructurings and insolvency but also undertakes general bank lending work. He has acted for lenders, debtors, trustees under defaulting bond issues and insolvency practitioners. Mark spent a year on secondment to the New York office, where he undertook a large variety of Chapter 11 bankruptcy work, including preparing objections and applications to the bankruptcy courts. Mark has particular expertise in relation to cross-border insolvency issues, consensual restructurings, administrations and schemes of arrangement.
Representative transactions include:
Acted for the senior steering committee of lenders to the JVH Gaming Group;
Acting for KPMG as the administrators of the Edeus Group including drafting and negotiating business sale agreement and advising on all aspects of the administrators rights and duties;
Acted for Deutsche Bank AG and ABN AMRO N.V. as arrangers and underwriters of €375 million and US$330 million syndicated senior term loan and revolving facilities provided to Corporate Express. N.V.;
Acting for Holmes Place Holdings Limited with respect to the dissolution of its US Joint Venture with Bally Total Fitness Corporation and the liquidation of subsdiaries in Spain and Portugal;
Advising Deutsche Bank with respect to the amendments of the €730 million senior facility granted in favour of Corporate Express;
Acting for Deutsche Bank with respect to Pacific Crossing;
Acting for Deutsche Bank with respect to Nylstar;
Acting for the directors of Metronet BCV Limited and Metronet SSL Limited;
Acting for aircraft finance parties in the Northwest Airlines and Delta Airlines Chapter 11 bankruptcy cases;
Advising Cordiant Group plc during its financial restructuring and subsequent sale to WPP;
Acting for Barclays Capital, Citigroup, CSFB, BNP Paribas, Deutsche Bank and The Royal Bank of Scotland as mandated lead arrangers in connection with the £1.8 billion refinancing of Telewest;
Advising banks and hedge funds in the sale and purchase of distressed debt both in bespoke trades and pursuant to the LSTA and LMA standard terms and conditions;
Acting for Bank of America, as Agent, in a US$127 million Term Loan Facility with Investcorp S.A; and
Advising the trustee of US$302 million and £200 million senior secured notes issued by Drax Holdings Limited, during Drax’s financial restructuring and acting for the escrow agent pursuant to the scheme of arrangement.
Bars and Courts
England and Wales, 2004
New Zealand, 2000
Education
BCom, Economics and Business Administration, University of Canterbury, 1999
LLB, University of Canterbury, First Class Honors, 1999
Languages
English
Citizenship
New Zealand
Practices
Financial Restructuring and Insolvency
Banking
Bank Finance
Recent Publications
Through the Looking Glass Cross-border Restructurings in Today's Global Credit Market