Swissport Gets EUR325 Million Financing for Aerocare Deal

02/01/18 02:00 AM EST
   By Nathan Allen 
 

Swissport said Thursday that it has secured 325 million euros ($404 million) in financing from Barclays PLC (BARC.LN) to support the acquisition of Australian flight-support services provider Aerocare.

The company also said it received a EUR52 million partial loan repayment from HNA Group for the acquisition, which it expects to complete on March 7.

Swissport is finalizing plans for a public listing in the second quarter, it said in a press release.

 

Write to Nathan Allen at nathan.allen@dowjones.com

 

(END) Dow Jones Newswires

February 01, 2018 02:00 ET (07:00 GMT)

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