Related Issuers
by Stephen Carter
Jun 02, 2025 12:09 PM ET
Q-Park Holding I BV (QPARKH) EUR300m 144A/Reg S sr sec 1st lien note due 2030 (5y). NC2 (MWC B+50bp) (50%,25%,par). Equity claw: 2y 40%. Special call: 10% per year the first 2 years at 103. Expect Ba3/BB- (stable/stable). Via BofA (B&D)/ING/KKR jt glocos and books. No reg rights. List ISE. NY law. CoC at 101. IPT: high 4s. Price talk: 4.50% area.
Revised price talk: 4.25%-4.375% WPIR.
Did investor call at 10am UKT 06/02. Books closed at 4pm (from 3pm) UKT 06/02. Pricing 06/02 UK afternoon. UOP: to pay down the EUR190m drawn on its revolver, EUR70m to fund acquisitions, and EUR35m for GCP. Equity sponsors: KKR, Schroders, EDF, PensionDanmark, Safra, Pontegadea, and Interogo. 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.
Netroadshow direct link: https://www.netroadshow.com/nrs/home/#!/?show=9faf02e5 (Access Code: Q-PARK2025).