Shearman & Sterling represented Barclays as sole and exclusive arranger in connection with an €850 million term loan B facility and as exclusive manager of Swissport’s issuance of €410 million aggregate principal amount of 5.25% senior secured notes due 2024 and €250 million aggregate principal amount of 9.00% senior notes due 2025.
The proceeds of the term loan B facility and the offering of notes were used to repay Swissport’s existing term loan B facility, senior secured notes and senior notes.
Swissport is the world’s leading independent provider of ground and handling services to the aviation industry based on revenue and number of airports served. Swissport offers its customers a full range of ground and cargo handling services, which by their nature are mission-critical elements of its customers’ own businesses.
The Shearman & Sterling team below was assisted by Ahuva Weinreich (New York-Tax) and Vuokko Rajamaki (London-Capital Markets).