Empark calls floating-rate, 6¾% senior secured notes due 2019

New York, Nov. 17 – Empark Aparcamientos y Servicios, SA will redeem the €150 million of senior secured floating-rate notes due 2019 and the €235 million of 6¾% senior secured notes due 2019 issued by Empark Funding SA, according to an announcement from the company.

The redemption date for both tranches will be Dec. 19.

For the floating-rate notes the payment will be par while the amount for the 6¾% notes will be 101.688% of par. In both cases holders will also receive accrued interest up to but excluding the redemption date.

The redemptions are conditional on the completion of the acquisition of Empark by MEIF 5 Arena Holdings, SLU from ASSIP – Asesoría y Estudios de Mercado, SA, Parkinvest BV, ESIF I BV and Transport International Holding Co., BV on or before the redemption date.

Empark is a Madrid-based operator of on- and off-street parking in Spain and Portugal.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.