Shearman And Sterling

News Aug 14, 2019

Swissport’s €975 Million Refinancing

Shearman & Sterling advised the lead arranger on a €975 million refinancing for Swissport Financings S.a r.l consisting of an €850 million secured term loan B facility, a €75 million revolving credit facility and a €50 million delayed draw facility to refinance existing debt and fund working capital. Shearman & Sterling also advised the initial purchaser on a €190 million holdco PIK financing for Swissport Global Services Holding S.a.r.l, a parent company, to refinance existing parent company debt.

Headquartered in Luxembourg, Luxembourg, Swissport Financings S.a r.l operates as a subsidiary of Swissport International Ltd., which provides ground and cargo handling services in the aviation industry worldwide.

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