On the wires: Mærsk leads too-big-to-fail (credit) race
All goes according to plan for the kings
“Swissport Group (together with its subsidiaries, “Swissport”) intends to refinance some of Swissport’s outstanding debt. The anticipated proceeds from the refinancing are expected to be used to repay/redeem existing debt. Estimated revenue for the first half of 2019 increased to €1.526bn compared to €1.437bn in the first half of 2018 (or €1.472bn in constant currency).” – Swissport, 29 July 2019.
Signs: The refinancing deal that is being sought comprises: a new €75m revolving credit facility; a new €50m delayed draw loan ...