INFRA PARK TO OFFER NEW EURO SENIOR BONDS IN BENCHMARK SIZE
Infra Park has mandated HSBC and SG CIB as Joint Global Coordinators and Joint Bookrunners and BNP Paribas and NatWest Markets as Joint Bookrunners to arrange a series of fixed income investor meetings across Europe starting on April 9th. A euro denominated, fixed rate, senior unsecured benchmark transaction with a maturity of 10 years will follow subject to market conditions.
The proceeds of the potential bond offering will be used for general corporate purposes and refinancing of existing indebtedness. As a matter of fact Infra Park intends to exercise the make whole call on 100% of its 2020 notes of 500 million euros and to reimburse the shareholder loan of 100 million euros granted by its parent Infra Foch Topco in order to optimize its FINANCIAL costs. Both refinancing operations are subject to the successful pricing of the contemplated new issue.
In connection with the transaction, Infra Park will disclose certain information to prospective holders, which will soon be available on www.infraparkgroup.com.
|Contact analysts/ investors:
Tel.: +33 1 49 03 15 65
Cell: +33 7 88 96 06 09
Claire Lise Beaurenault
Tel : +33 1 49 03 12 79
Cell: + +33 7 50 68 30 64
About Infra Park
Infra Park, holding about 100% of Indigo Infra, is a key global player in car parking and urban mobility, which manages more than 2.3 million parking spaces in 15 different countries. In 2017, Infra Park revenues and ebitda amounted to €897.5 million and €310.0 million respectively (Global Proportionate figures).
Infra Park is indirectly held at 49.2% by investment funds managed by Ardian, 49.2% by Crédit Agricole Assurances, and the remainder by the employees and management of the Group.
THIS PRESS RELEASE MAY NOT BE PUBLISHED, FORWARDED OR DISTRIBUTED, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OF AMERICA OR IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS PRESS RELEASE.
THIS PRESS RELEASE DOES NOT CONSTITUTE OR FORM A PART OF ANY OFFER OR SOLICITATION TO PURCHASE OR SUBSCRIBE FOR SECURITIES IN THE UNITED STATES OF AMERICA. SECURITIES MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES UNLESS THEY ARE REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE "U.S. SECURITIES ACT") OR EXEMPT FROM REGISTRATION. THE SECURITIES OF INFRA PARK MENTIONED HEREIN HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE U.S. SECURITIES ACT AND INFRA PARK DOES NOT INTEND TO MAKE A PUBLIC OFFER OF ITS SECURITIES IN THE UNITED STATES OF AMERICA.
THE BONDS WILL BE OFFERED ONLY BY WAY OF PRIVATE PLACEMENT TO INSTITUTIONAL INVESTORS. THE SECURITIES MAY NOT BE OFFERED OR SOLD OR OTHERWISE MADE AVAILABLE TO RETAIL INVESTORS. NO KEY INFORMATION DOCUMENT UNDER PRIIPS REGULATION HAS BEEN AND WILL BE PREPARED.
NEITHER THE CONTENT OF INFRA PARK'S WEBSITE NOR ANY WEBSITE ACCESSIBLE BY HYPERLINKS ON INFRA PARK'S WEBSITE IS INCORPORATED IN, OR FORMS PART OF, THIS PRESS RELEASE. PERSONS INTO WHOSE POSSESSION THIS PRESS RELEASE COMES SHOULD INFORM THEMSELVES ABOUT AND OBSERVE ANY SUCH RESTRICTIONS. ANY FAILURE TO COMPLY WITH THESE RESTRICTIONS MAY CONSTITUTE A VIOLATION OF THE SECURITIES LAWS OF ANY SUCH JURISDICTION.
A joint stock corporation with a capital of 160,044,282 euros
Headquarters: 4, place de la Pyramide – Immeuble Ile de France – Bâtiment A
92800 PUTEAUX LA DÉFENSE
800 348.146 RCS Nanterre