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Swissport completes successful refinancing to bolster its position and target future growth

As it comes out the other side of the COVID pandemic Swissport, the Swiss aviation services company providing airport ground, lounge hospitality and cargo handling services has successfully completed a new €600 million Term Loan offering whilst also entering into a new €200 million Super Senior Revolving Credit Facility.

The funds will be used for refinancing existing credit facilities and also provide Swissport with further committed liquidity to bolster its already strong financial position. The company is now well capitalised as it ramps up operations and will be in a strong position to drive global growth.

Radar Topco S.à r.l., Swissport Group’s holding company, has announced that Radar Bidco S.à r.l., a wholly owned subsidiary of the company, has completed a new Term Loan offering in an aggregate principal amount of €600 million with maturity of September 2027. In addition, the company will also be entering into a new €200 million Super Senior Revolving Credit Facility / ancillary facility with maturity of March 2027. The proceeds will be used to refinance existing senior and super senior credit facilities, which include a €500 million Term Loan maturing December 2024 and a €30 million revolving credit facility maturing December 2024.

“Together with available cash, the refinancing secures the Group with an extended debt maturity profile and provides additional liquidity as we are ramping up operations across our global network,” said Ivan Nash Vila, Group Chief Financial Officer, Swissport International AG. (£1.00 = €1.15 at time of publication).

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Swissport completes successful refinancing to bolster its position and target future growth

Australian sustainable aviation fuel industry receives massive boost with major investment

EVA Air finalises order for five additional Boeing 787-9 Dreamliners

Liebherr and China Airlines sign agreement on A321neo component support

Epic Flight Academy orders 15 new Cessna Skyhawk 172 aircraft

Zurich Airport gets approval from KEVU for runway extensions

Wencor signs multi-year defence partnership with Regal Rexnord Aerospace

Board and Executive leadership changes at Rolls-Royce

AAR to acquire nine Boeing 757-200 aircraft equipped with 18 RB211 engines

Macquarie Rotorcraft to acquire 12-helicopter portfolio from Milestone

ATR outlines growth plan for 2023

Magellan Aviation Group names Anthony Spaulding new CEO and President

HK Express takes delivery of first A321neo aircraft

BAE Systems to define battery system for Heart Aerospace’s ES-30 plane

ORIX Aviation acquires 100% aircraft portfolio from Merx Aviation

Iberia Maintenance consolidates position as centre of excellence for V2500 engines in 2022

Aviation News Categories

2023 MEDIA KIT

Learn more on how AviTrader can expand your market

Tamar Jorssen

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