Do you need help?

APCOA Press Releases

APCOA PARKING Group

APCOA PARKING Group announces successful refinancing of its debt facilities

  • APCOA places EUR 435m of TLB, revolving and guarantee facilities in the European debt markets
  • Initial issuer and instrument ratings of B+/B1

Stuttgart, 20. March 2017 – APCOA PARKING Group (“APCOA”), a leading full-service parking management company in Europe, announces the successful completion of the refinancing of its existing debt facilities.

A total of EUR 435 million of facilities were successfully placed with a selected number of institutional investors and banks and significantly oversubscribed in syndication. APCOA and the facilities have been rated B+ by Standard & Poor’s and B1 by Moody's Investors Service.

Steffen Baetjer, CFO of APCOA, said: “We are very satisfied with the strong investor and rating agency support. Our diversified and resilient business model, as well as the long-term nature of our contracts and client relationships translate into a favourable credit profile. I am glad that we were able to successfully execute this refinancing and secure a long-term financing package on attractive terms.”

Barclays Bank PLC, Deutsche Bank AG, London Branch and The Royal Bank of Scotland plc (trading as NatWest Markets) acted as Mandated Lead Arrangers and Joint Bookrunners on behalf of APCOA. Barclays acted as rating advisor and will be the agent and security agent on the new facilities.

 
Contact:
APCOA PARKING Holdings GmbH
Sebastian Merkle
Flughafenstr. 34
70624 Stuttgart-Airport
T: +49 711-94791-100

About APCOA PARKING
APCOA PARKING Group is the leading full-service parking management company in Europe. The company has over 45 years of experience and expertise in 13 European countries and an extensive portfolio of clients. More than 30 European airports have entrusted APCOA with the management of their parking facilities.

APCOA Parking Group manages more than 1.4 million individual parking spaces. In doing so, APCOA uses its international experience to deliver future-oriented and innovative parking services to customers and property owners at over 9,000 locations. The company's 4,600 employees contribute international know-how and local expertise, and deliver new business and customized technical solutions. The Group's headquarters and German office are located in Stuttgart, Germany.

www.apcoa.com

Stuttgart, 20. March 2017 – APCOA PARKING Group (“APCOA”), a leading full-service parking management company in Europe, announces the

... more

APCOA PARKING Deutschland

APCOA PARKING operates Elbphilharmonie parking facilities – gala opening concert

Stuttgart, 12 January, 2017 APCOA PARKING Deutschland had a good reason to celebrate at the gala opening concert of the Elbphilharmonie in

... more

APCOA PARKING Group

APCOA strengthens international management team

Stuttgart/Oslo 12 December 2016 – APCOA PARKING Group continues on its growth trajectory and has strengthened its international senior

... more

APCOA PARKING Group

APCOA donates € 10,000 to action medeor e.V. for medical aid in Northern Iraq

Stuttgart, 15 December 2016 – This Christmas, APCOA PARKING Group is donating a total of 10,000 euros to the German medical aid

... more

APCOA PARKING Group

APCOA and The New Motion expand Germany's electric vehicle (EV) charging network

Stuttgart, July 6, 2016 The partnership between APCOA PARKING Group, Europe's leading parking facility manager, and The New Motion, the

... more

Press contact

APCOA PARKING Holdings GmbH
Sebastian Merkle
Flughafenstr. 34
70624 Stuttgart-Airport
T: +49 711-94791-652
sebastian.merkle@apcoa.eu

APCOA News / Press Releases

APCOA Press Releases
APCOA News
2017
2016
2015
2014
2013
2012
2011