Swissport, the world’s largest provider of cargo and airport ground services, increased the loan portion of its debt raise at the expense of bonds as investors demanded steep yields in a volatile market.
Swissport is borrowing an €850m term loan 'B', increased from the initial plan of €730m. It simultaneously decreased its senior secured note issue to €410m from €500m and its senior note issue to €250m from €280m.
The secured notes were priced at 5.25% and the unsecured ones
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