Swissport securing additional liquidity and agreement in principle

Singapore freight forwarders – Star Concord
A group of senior secured creditors has committed to provide €300 million of interim liquidity to support operations through the completion of the restructuring. The agreement ‘in principle’ on a comprehensive restructuring includes significant deleveraging and a new €500 million long term debt facility, which will replace the interim facility. Swissport has received a binding […]
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Author: James Graham