01/10/2024 Q-Park Holding I BV (QPARKH) EUR430m 144A/Reg S sr sec note due 03/01/29 (5y). NC2 (03/01/26) (MWC B+50bp), then at 102.563, 101.281, 100. Equity claw: 2y 40% at 105.125. B1/BB- (stable/stable). Via BofA (B&D)/KKR jt glocos/ABN/ING/NatWest/Rabo jt books. No reg rights. List ISE. NY law. Pays March 1 and Sept 1, starting 03/01/24. Settles 01/18 (T+6). Reg S ISIN: XS2747580319. Price talk: 5.50% area. Revised px talk: 5.25% area (+/-0.25%) WPIR. Priced: 5.125% at 100. +306bp vs DBR 0.25% 02/15/29.
Roadshow 01/08/10 (investor call at 10:30am UKT 01/08). Books closed at 1pm UKT 01/08. Re-commits were due by 1:15pm UKT 01/08. UOP: along with EUR5m cash on hand, to fund the tender offer for its existing EUR425m 1.50% sr sec notes due 03/01/25 at 98.50 (any amounts not tendered will be defeased with redemption at 100 in Jan 2025) (the EUR90m 3.50% sr sec notes due 02/01/25 will be repaid from cash flow generation and existing liquidity when the call price drops to 100 on 02/01/24). Equity sponsor: KKR. Biz: parent company of Q-Park BV, a leading parking infrastructure owner and operator in Western Europe with a large and diversified portfolio of owned, leased and managed parking facilities in the Netherlands, France, the UK, Germany, Belgium, Denmark and Ireland. HQ: Maastricht, Netherlands.