Related Issuers
by Stephen Carter
Jun 02, 2025 1:24 PM ET
Q-Park Holding I BV (QPARKH) EUR300m 144A/Reg S sr sec 1st lien note due 09/01/30 (5.25y). NC2.25 (09/01/27) (MWC B+50bp), then at 102.125, 101.063, 100. Equity claw: 2.25y 40% at . Special call: 10% per year the first 2.25 years at 103. Ba3/BB- (stable/stable). Via BofA (B&D)/ING/KKR jt glocos and books. No reg rights. List ISE. NY law. CoC at 101. Settles 06/09 (T+5). Reg S ISIN: XS3090067805. IPT: high 4s. Price talk: 4.50% area. Revised price talk: 4.25%-4.375% WPIR.
Priced: 4.25% at 100. +218bp vs DBR 00% 08/15/30.
Did investor call at 10am UKT 06/02. Books closed at 4pm (from 3pm) UKT 06/02. 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).