Assistance of WFS Group in its offering of senior secured notes “High Yield”
14 Feb 2022
14 Feb 2022
Eight Advisory Capital Markets & Financial Engineering is pleased to have assisted WFS Group in its transaction of an offering of senior secured notes “High Yield”.
Promontoria Holding 264 B.V. (the “Issuer”) announced on February 9, 2022, that it has closed its offering consisting of €590,000,000 aggregate principal amount of senior secured notes and a $400,000,000 aggregate principal amount secured notes. Promontoria is the holding company of WFS Group, the world’s largest air cargo handler and one of the leading providers of ground handling and technical services with annual revenues of €1.4 billion. As of December 31, 2021, its approximately 30,000 employees serve around 300 customers globally at 165 major airport stations in 17 countries on five continents.
Eight Advisory acted as an independent financial advisor and partner for the preparation of the issuance including preparation of the financial documentation required – Preparation of the pro forma financial information and drafting of financial sections of the Offering Memorandum.
Eight Advisory team was composed of Vincent de Montgolfier and Antoine Du.