Gategroup serves up debt restructuring as Covid-19 continues to batter air travel

By Mike Turner
17 Nov 2020

Gategroup, the Swiss airline hospitality company, has negotiated with lenders to extend the maturity on its syndicated loan facilities as part of a major debt restructuring for the Covid-battered firm.

The company has extended its syndicated loan facilities to October 2026. The borrower has a €250m term loan outstanding.

That loan was amended in 2017 to reduce the size from €350m and extend the maturity by a year to 2021.

ING was bookrunner on the amendment, according to Dealogic. ...

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