Swissport has successfully completed a new €600 million Term Loan offering and entered into a new €200 million Super Senior Revolving Credit Facility. The proceeds will be used to refinance existing credit facilities and provide the company with additional committed liquidity to reinforce its already strong financial position. Swissport is well capitalised as it ramps up operations and drives global growth.
Ivan Nash Vila, Group Chief Financial Officer of Swissport International, said: “We are very pleased with the outcome of the refinancing given the challenging capital market environment. 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 and execute our growth plans.”
Radar Topco, Swissport Group’s holding company announced that Radar Bidco, a wholly owned subsidiary of Swissport, has completed a new Term Loan offering in an aggregate principal amount of €600 million with the maturity of September 2027. The company has also entered into a new €200 million Super Senior Revolving Credit Facility / ancillary facility with a maturity of March 2027. The proceeds will be used to refinance existing senior and super senior credit facilities, which include the €500 million Term Loan maturing December 2024 and the €130 million revolving credit facility maturing December 2024.