Allen & Overy has advised Madrid-based leading public car park operator Parkia in connection with the refinancing of the group’s existing debt facilities with a €370m private placement.
The financing, which is being provided by a group of European and American institutional investors, sits under a new common terms platform, which will provide financial and operational flexibility to support the business’ future growth.
Jan Skuhravy, infrastructure partner in A&O’s London office, who co-led the Allen & Overy team, commented: “We have been pleased to support Parkia and the sponsors Igneo Infrastructure Partners in this process.”
The Allen & Overy team in London was led by partners Jan Skuhravy in London and Vanessa Cuellas in Madrid, who were supported by associates Rachael Coffey and Joon Ku Kang in London, as well as senior associate Nuria Castro and associates Maria Ruiz-Gollury and Luis Espejo in Madrid. Madrid counsel Ishtar Sancho and associate Marina Granada provided Specialist Tax advice. Partner Jeff Hendrickson and clerk Ariana Mercado provided US securities law advice.