Swissport secures euro 325 million term-loan commitment from Barclays
February 5, 2018: Switzerland-based Swissport recently secured an incremental term-loan B financial commitment worth euro 325 million from Barclays, which is its sole underwriter and arranger for the acquisition of Australian flight support services operator, Aerocare.
Earlier, Swissport received euro 52 million as part of an additional partial repayment of the affiliate loan from HNA Group, which is expected to mature on May 7.
Meanwhile, Swissport is planning for an IPO during the second quarter of 2018. The IPO is expected to position Swissport for future growth, with a diversified public shareholder base and significantly reduced leverage. It’s currently in the process of appointing global coordinators for the IPO.