FP: Apollo leads distressed investment in Swissport as restructuring looms – sources

The Financial Post reports:
LONDON/FRANKFURT — A trio of distressed investors led by Apollo Global Management have bought debt of airport baggage handler Swissport and are holding talks with the company as it seeks cash to ride out the COVID-19 crisis, two sources familiar with the matter told Reuters.
Apollo along with SVP Global and Cross Ocean Partners now own a majority of Swissport’s senior secured bonds, term loans and revolving credit …

The post FP: Apollo leads distressed investment in Swissport as restructuring looms – sources appeared first on The Loadstar.

Source: The Loadstar

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