Apcoa brings €94 million add-on loan, along with €420 million repricing

By Paul A. Harris

Portland, Ore., Jan. 27 – Apcoa Parking Holdings GmbH plans to launch a two-part bank loan deal on Tuesday, according to a market source.

The Stuttgart, Germany, car park operator is in the market with a €94 million fungible add-on to its Euribor plus 350 basis points senior secured term loan B, with proceeds to fund a dividend to its shareholders.

In addition Apcoa has undertaken to reprice its €420 million Euribor plus 350 bps senior secured term loan B.

Both tranches are priced at par.

The March 20, 2024 maturities of both tranches remain unchanged.

Active bookrunner Barclays is the sole arranger. J.P. Morgan, Goldman Sachs, Deutsche Bank and NatWest are passive bookrunners.

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