PRESS RELEASE
Swissport has received a binding commitment from an ad hoc group of senior secured creditors (the AHG), subject to final documentation, for the provision of an interim super senior facility of 300 million euros, which delivers immediate liquidity for Swissport to trade through the COVID-19 market crisis and the restructuring process. The 300 million euros adds to the more than 200 million euros liquidity Swissport still had as of 18 August.
In addition, an agreement in principle has been reached for a comprehensive restructuring and refinancing of Swissport, involving senior secured creditors, led by the AHG, lenders under Swissports PIK facility agreement (the PIK Lenders) and HNA Group C…
Read the full article at: https://theloadstar.com/swissport-secures-300-million-euros-additional-liquidity-and-reaches-agreement-in-principle-on-comprehensive-restructuring/