Related Issuers
by Stephen Carter
Jun 20, 2024 1:55 PM ET
Q-Park Holding I BV (QPARKH) EUR550m 144A/Reg S sr sec 1st lien note due 02/15/30 (5.7y). NC2 (07/01/26) (MWC B+50bp), then at 102.563, 101.281, 100. Equity claw: 2y 40% at 105.125. Special call: 10% per year the first 2 years at 103. Ba3/BB- (stable/stable). Via BofA (B&D)/KKR/NatWest jt glocos/ING/Rabo jt books. No reg rights. List ISE. NY law. Settls 07/01 (T+7). Reg S ISIN: XS2848642984. IPT: low-mid 5s. Price talk: 5.25% area.
Priced: 5.125% at 100. +278bp vs DBR 0.0% 02/15/30.
Virtual roadshow 06/19-20 (investor call at 10:30am UKT 06/19). Books closed at 1pm UKT 06/20. UOP: redeem its EUR90m 3.50% sr sec notes due 02/01/25 (callable at 100), and EUR400m sr sec FRN due 03/01/26 (callable at 100), and EUR51m for GCP. Equity sponsors: KKR, Schroders, EDF, PenisonDanmark, Safra. 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.