Luxembourg Stock Exchange lists €690m high-yield bond from Swissport
The Luxembourg Stock Exchange (LuxSE) listed and admitted to trading on 22 December a high-yield bond issue from Swissport, the world's largest provider of ground and cargo handling services in the aviation industry.
Swissport is in the process of being acquired by HNA Group, owner of China's fourth-largest airline, and the proceeds of this bond issue will be used for refinancing Swissport’s existing debt, in connection with the proposed acquisition.
With a total issue amount of EUR 690 million, the bond issue is made up of senior secured notes of EUR 400 million, paying 6.750% interest and due in 2021, and senior notes of EUR 290 million, paying 9.750% interest and due in 2022. All interest is payable semi-annually.
Lead managers for the deal were Barclays and J.P. Morgan.
LuxSE has listed four other bonds from Swissport companies since 2011.
Swissport provides services on behalf of some 800 client companies, has workforce of around 61,000 and is active in 48 countries across five continents. Under HNA’s ownership, Swissport intends to continue expanding its global footprint.
Communiqués liés
La réponse de Luxair aux défis de brouillage GPS
Récemment, des incidents de brouillage GPS ont été signalés dans l'industrie...
Drees & Sommer chez 10x6 : Aperçu de la vision du New Europ...
Drees & Sommer Luxembourg a le plaisir d'annoncer sa participation à l'événem...
Un résultat courant en hausse de 7,5 % par rapport à l’e...
Dans un climat incertain, Banque Raiffeisen reste fidèle à ses valeurs et à s...
NMB Bank brings East Africa’s first sustainability bond to...
Just over a year after listing the first Sub-Saharan Africa gender bond on the L...
Allen & Overy announces first promotions in Luxembourg for A...
Allen & Overy (A&O) has announced the promotion of two new partners, three new c...
Il n'y a aucun résultat pour votre recherche