News & Events

Simpson Thacher represented Q-Park in connection with a Regulation S private placement by Q-Park Holding I B.V. of €90 million in aggregate principal amount of 3.5% Senior Secured Notes due 2025. The private placement closed on February 2, 2021. The gross proceeds from the offering will be used (i) for general corporate purposes and to retain cash on balance sheet for working capital purposes, (ii) to finance construction and other committed capital expenditures and improvement works to certain properties owned by Q-Park Holding B.V. and/or its subsidiaries and (iii) to pay fees and expenses in connection with the foregoing.

Q-Park is indirectly controlled by KKR and is a leading parking infrastructure owner and operator in the Western European market, with a large and diversified portfolio of owned, leased and managed parking facilities across seven Western European countries.

The Simpson Thacher team included Nick Shaw, Carol Daniel and J. John Lim (Capital Markets); Jia Meng (Credit); and Gal Shemer (Tax).