KPMG Abogados advises Telpark on the issuance of €300 million senior floating rate notes
Telpark, a leading mobility and parking services company in the Iberian Peninsula, has successfully completed a €300 million bond issue. The transaction is intended to refinance the two existing floating rate tranches of €100 million and €125 million, previously issued in 2025 and 2020. It will also enable an additional amount of 75 million euros to be made available to its shareholders.
As part of the transaction, the company will renew its revolving credit facility (SSRCF), expanding it from €100 million to €125 million.
Telpark is one of the leading operators in parking lot management in Spain and Portugal, being a group participated by the investment fund Macquarie since 2017.
The team of KPMG Abogados has been led by Ricardo López (director in the M&A Tax area) has provided tax advice in Spain and Luxembourg.
