Shearman & Sterling represented Citigroup Global Markets Limited, Barclays Bank PLC, BNP Paribas, Royal Bank of Canada Europe Limited and UBS Limited as initial purchasers in Swissport’s CHF 350 million and US$425 million high yield bond offering. The proceeds of the offering will be used to finance the acquisition of Swissport by funds managed by PAI Partners SAS.

Swissport is one of the leading global aviation services providers. It offers a full range of value-added airport services in ground handling and cargo handling, both in passenger-facing roles, such as at check-in counters and security screening, as well as in logistical roles, such as baggage handling and aircraft services.

The Shearman & Sterling team of lawyers was led by London capital markets partner Ward McKimm. He was assisted by associates Rebecca Marques, Joji Ozawa, Shane Burke and Cedric Van den Borren and trainee Blake Spencer. Partner Bernie Pistillo and associate Shiu-Kay Hung advised on tax aspects of the offering.