Swissport Gets EUR325 Million Financing for Aerocare Deal
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.
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February 01, 2018 02:00 ET (07:00 GMT)Copyright (c) 2018 Dow Jones & Company, Inc.