LONDON, April 17, 2025 – Proskauer, a leading international law firm, advised the financing sources in connection with Empark's offering and sale of senior secured floating rate notes totaling €300 million in aggregate principal amount. Empark (known commercially as Telpark) is an Iberian-focused car parking company owned by Macquarie Infrastructure and Real Asset. The net proceeds were utilized to fund the redemption of its outstanding floating rate senior secured notes, due 2030, as well as to fund a dividend.
Proskauer also advised financing sources on an amendment and restatement of the existing revolving credit facility (RCF) in connection with the notes offering, which involved upsizing the committed amount by €25 million to €125 million and extended the maturity of the RCF.
The High Yield team was led by partners Jake Keaveny and Courtland Tisdale (Capital Markets and Global Finance) and included associates Pierfrancesco Bencivenga, Rana Ali Yar Khan and Michael Malvenda (Capital Markets and Global Finance). The Bank finance team included partners Philip Bowden and Megan Lawrence and associates Venandah Madanhi and Ronak Thakkar (Global Finance).