KfW IPEX-Bank has contributed to a recently closed €170 million financing facility to support equipment for Swissport.
ABL Aviation had originally financed the €170 million worth of ground support equipment (GSE) with ground service support provider Swissport, with the facility being structured as a multi-draw senior secured facility with an accordion up to €270 million. The deal is ABL’s inaugural financing in the sector and the first-ever global credit facility secured for a GSE operator.
A significant portion of the funds will be directed toward acquiring electrified ground handling equipment, in line with Swissport's goal to reduce emissions across its global fleet.