Swissport will be under new management following a “lock-up” agreement with senior secured creditors, a press release confirmed. The deal includes a debt-for-equity swap worth €1.9 billion in existing debt, as well as a €500 million long-term debt facility and a €300 million interim facility to help the airport services provider stay afloat. Senior secured creditors, including SVP Global, Apollo Global Management, TowerBrook Capital Partners, Ares Management, Barclays Bank, Cross Ocean … [Read more...] about Swissport under new owners following €1.9 billion debt-equity swap