Pestalozzi advised Barclays and J.P. Morgan on Swissport's Exchange Offer and on the Amendment and Restatement of the €660 Million Term Loan B Facility
Barclays and J.P. Morgan acted as dealer managers in connection with Swissport's consent solicitation and offer to exchange all of the outstanding 6.750% senior notes due 2021 and 9.750% senior notes due 2022 for new 6.750% senior notes due 2021 and new 9.750% senior notes due 2022, and to consent to certain changes to the existing indentures. The exchange offer completed on 11 August 2017.
In addition, Swissport refinanced its €660 million Term Loan B (“TLB”) by raising a new €460 million TLB and paid down the remaining €200 million balance with cash on hand, utilising a portion of the funds received by way of a €718 million equity injection from HNA Group in April 2017, with Barclays and J.P. Morgan acting as joint lead arrangers and Barclays as administrative agent, in connection with such refinancing. Pestalozzi advised Barclays and J.P. Morgan as to Swiss law.