Swissport to launch €50 million add-on, term B repricing on Wednesday

By Sara Rosenberg

New York, Feb. 11 – Swissport Financing Sarl is scheduled to hold a lender call on Wednesday to launch a fungible €50 million add-on term loan B and a repricing of its existing €850 million term loan B, according to a market source.

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

Price talk on the add-on term loan and the repricing is Euribor plus 425 basis points to 450 bps with a 0% floor and a par issue price, the source said.

Expected term loan ratings are B2/B-.

Commitments and consents are due at 7 a.m. ET on Feb. 19, the source added.

Proceeds from the add-on term loan will be used to fund cash to the balance sheet for general corporate purposes and pay related transaction fees and expenses.

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

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