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Jane Glancy

Partner

London

Glancy Jane
Jane Glancy

Partner

London

Jane works on a range of debt finance transactions for both lenders and borrowers across both domestic and international markets including general corporate lending, debt restructuring, acquisition finance and real estate finance.

Jane has extensive experience advising creditors on financial restructurings and work-outs. Her most recent deal experience includes:

  • advising the co-ordinating committee of banks on the US$3.5bn financial restructuring of Premier Oil PLC in 2017;
  • advising the super senior creditors on the balance sheet restructuring and debt for equity swap undertaken by New Look in Q1 2019;
  • providing on-going restructuring advice to the senior creditors to the Debenhams group, including in connection with the pre-pack administration that was implemented in April 2019; and
  • advising the lenders to Mothercare plc on the restructuring and recent administration of the group’s UK trading business.

Other notable restructuring transactions include advising the creditors in respect of the restructuring and debt for equity swap of Mouchel Group plc, a UK based infrastructure services group, advising the co-ordinating committee of banks on the financial restructuring of Celsa Steel UK and advising the lender to Proxima Properties on the restructuring of the secured facilities provided in respect of the Proxima ground rent portfolio.

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Experience highlights

Expertise

Practices

Banking and Finance

Sectors

Banks

Office

London

Allen & Overy LLP
One Bishops Square
London
E1 6AD

View office →

Qualifications

Professional

Admitted as solicitor, England and Wales, 2009

Academic

BA, Geography, University of Cambridge, 2004

Other noteworthy experience

Advising:

  • the lenders of a £100 million super senior revolving credit facility to New Look Finance Limited in connection with the restructuring of the New Look group’s financial indebtedness, including pre-pack administration and debt for equity swap implemented by way of scheme of arrangement.
  • HSBC Bank plc and Barclays Bank PLC in respect of a £100 million multi-currency revolving credit facility provided to Mothercare plc and the on-going restructuring of the group’s financial indebtedness.
  • the co-ordinating committee of lenders to the EnerMech group, on the £270 million restructuring of the group's financial indebtedness.
  • Natwest as lender and agent on a £130 million acquisition facility for Rank Group Finance plc to fund their acquisition of Stride Gaming plc.
  • Lloyds as document co-ordinator on a £775 million multi-currency revolving credit and letter of credit facility for Babcock plc.
  • Barclays as document co-ordinator on a £450 million multi-currency revolving credit facility for Next plc.
  • Sumitomo Mitsui Banking Corporation as document co-ordinator on a £520 million revolving credit and letter of credit facility for Capita plc.
  • TP ICAP plc as borrower of a £270 million multi-currency revolving credit facility and swingline facility.
  • HSBC in respect of certain facilities provided by them to Youngs Brewers plc.
  • Rothesay Life plc on the restructuring of their c. £380 million financing of the E&J ground rent portfolio.
  • Abu Dhabi Investment Authority as borrower of a £162.5 million facility to finance their interests in The Oracle shopping centre in Reading.

Published work

  • Co-Author English law chapter of the ICLG Lending and Secured Finance 2020 Edition