CMS advises Best in Parking with a € 175 million debt issuance programme
- Launch of a € 175 million debt issuance programme with listing on the Official Market of the Vienna Stock Exchange
- Successful exchange offer of € 44 million through exchange of bonds issued in 2016
- New issue of another € 50 million bond under the debt issuance programme
The Viennese car park operator Best In Parking has launched a debt issuance programme of € 175 million through its finance company. An international team at CMS provided legal advice to Best In Parking. “Following the successful issuance of our client’s first bond in 2016, we are very pleased that it once again placed its trust in us when structuring its debt issuance programme,” says Martin Zuffer, capital market expert and partner at CMS in Vienna.
A cross-border CMS team assisted the client with due diligence in Austria, Italy, Croatia and Slovakia and preparing the prospectus, as well as supporting Best in Parking during the prospectus approval process with the Luxembourg regulator and during negotiations with the banks. Lead partner Martin Zuffer was supported by Philipp Mark (Attorney-at-Law) and Luciano Duque-Cordero (Associate, all Capital Markets) as well as Sibylle Novak (Partner/Tax), Andreas Göller (Attorney-at-Law/Banking & Finance), Helmut Bruckner (Senior Lawyer, Property Procurement), Mariella Kapoun (Associate, Property Procurement), Peter Simo (Partner in Bratislava, Banking & Finance) and Sandra Lisac (Partner in Zagreb, Real Estate).
Best In Parking Holding AG brings 40 years of experience in the professional creation and management of parking space. It has a total of 139 locations in Austria, Italy, Croatia, Switzerland and Slovakia as well as 63,411 parking spaces on-street and off-street.
Photos of Martin Zuffer can be found here and may be used free of charge.