Swissport 'migrates' capital structure after cov default

Swissport Group announced on Tuesday a technical capital restructuring following its breach on certain debt covenants. The restructuring includes a new €460m term loan ‘B’ and the repayment of its existing €660m term loan ‘B’.

  • By Max Bower
  • 11 Jul 2017

The aviation services company announced in May that it had entered a technical breach on some of its debt covenants after its Chinese private equity owner HNA Group pledged shares in some of its subsidiaries as collateral elsewhere.

The restructuring on Tuesday migrates Swissport Group’s existing capital ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 19,543.40 76 7.21%
2 BNP Paribas 17,658.36 110 6.51%
3 Goldman Sachs 15,275.80 61 5.64%
4 Deutsche Bank 14,293.34 81 5.27%
5 HSBC 14,165.38 91 5.23%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 6,956.59 58 7.32%
2 Goldman Sachs 6,746.86 54 7.10%
3 Deutsche Bank 5,912.17 58 6.22%
4 Credit Suisse 5,767.09 60 6.07%
5 BNP Paribas 5,208.30 57 5.48%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 33,802.85 265 10.77%
2 Citi 26,963.27 215 8.59%
3 Bank of America Merrill Lynch 25,379.69 225 8.09%
4 Goldman Sachs 23,537.99 167 7.50%
5 Barclays 20,408.08 140 6.50%