Swissport readies launch of €730 million term loan B for Wednesday

By Sara Rosenberg

New York, July 29 – Swissport Financing Sarl will hold a lender meeting on Wednesday to launch a €730 million five-year covenant-lite term loan B, according to a market source.

Barclays is the bookrunner on the deal and the administrative agent.

Commitments are due on Aug. 8, the source said.

Expected term loan ratings are B2/B-.

Proceeds will be used to help refinance existing debt, add cash to the balance sheet and pay related fees and expenses.

Other funds for the transaction will come from €500 million of senior secured notes and €280 million of senior notes.

Swissport is a Zurich-based ground handling and cargo service provider.

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