Shearman & Sterling represented Barclays and J.P. Morgan as dealer managers, in connection with the offer by Swissport to exchange all of the outstanding 6.750% senior notes due 2021 and 9.750% senior notes due 2022 for new 6.750% senior notes due 2021 and new 9.750% senior notes due 2022, and to consent to certain changes to the existing indentures. The exchange offer completed on 11 August 2017.
Concurrently, Shearman & Sterling represented Barclays and J.P. Morgan as joint lead arrangers and Barclays as administrative agent, in connection with the refinancing of Swissport's €660 million Term Loan B Facility by way of an amendment and restatement that became effective on 11 August 2017.
Swissport is the world´s largest provider of ground and cargo handling services in the aviation industry. The company provides ground services for around 230 million passengers and handles 4.1 million tonnes of cargo a year on behalf of some 835 client-companies in the aviation sector.
The Shearman & Sterling team was led by partner Ronan Wicks (London-Finance) and included associates Melanie Probst, Arthur Ravignon, Angeliki Cheimona and Steven Holm (all London-Capital Markets); and of counsel Steven Sherman (New York-Finance), partner Iain Goalen, associates Kendra Kocovsky, Miles Muirhead, Akofa Tsiagbe, and Addison Pierce (all London-Finance), Caleb Chua, Lisseth Rincon (both New York-Finance), Odilo Wallner and Maria Iorno (both Frankfurt-Finance). Partner Kristen Garry (Washington D.C.-Tax) and associate Eric Grosshandler (New York-Tax) advised on U.S. tax matters.