Swissport sells high yield tap at mid-point of guidance
Swissport sold its $390m high yield tap at the mid-point of price guidance yesterday. The notes, which will be fungible with its $555m 7.875% senior secured 2018 bond, were priced at 102.75.
The tap had been guided in the 102.50-103 price range.
Citi was left lead, with BNP Paribas, Société Générale, Morgan Stanley and UBS also bookrunning.The Swiss provider of ground services for airlines and airports is in exclusive talks with Derichebourg over its disposal of French-based Servisair, an airport services ...