.. subcription
    .. rss channels
    .. press releases
    .. contacts


            september 20, 2019

.. in english  .. по-русски  .. latviski    

Busworld 2019

IRFC 2020

LKW Walter

  .. sitemap ..


  .. publications ..


  .. news ..


  .. advertisement ..





LKW Walter Rus
LKW Walter
VIA LATVIA
 
  .. partners ..

Indiaexportnews.com

Acquisition to close by 7 March

  01.02.2018    

Swissport and the shareholders of Aerocare have extended the completion date for the previously announced acquisition of Aerocare by Swissport to 7 March 2018.
Related to the acquisition, Swissport has received an additional partial repayment of the Affiliate Loan from HNA Group in the amount of EUR 52 million. The intention is for Swissport to partially refinance an Affiliate Loan to a subsidiary of the HNA Group with a maturity of 7 May 2018 in an amount no greater than the balance of the current Affiliate Loan, which is maturing on 6 February.
In addition, Swissport has secured an incremental term-loan B commitment from Barclays as Exclusive and Sole Underwriter and Arranger in the amount of EUR 325 million. This term loan will be drawn on or shortly before completion of the acquisition, which is scheduled to occur on or before 7 March.
Upon completion of the Aerocare acquisition and the related financing, Swissport expects Pro Forma total net leverage to be in the range of 5.25x – 5.50x as at December 31, 2017.
Swissport continues to develop its plans for an IPO in the second quarter of 2018. The IPO will position Swissport for future growth with a diversified public shareholder base and significantly reduced leverage. The company is currently finalising the appointment of the Global Coordinators for the IPO.



.. search ..