Report
Mateo Salcedo

Q-Park : Issuance Focus

Q-Park is back into the high-yield market to issue a €430m of fresh money through a 5NC2 senior secured bond offering. Net proceeds, alongside € 5m of cash on balance sheet, are earmarked to refinance the outstanding € 425m 1.5% notes due 2025. In parallel, the company has launched a tender offer for the latter with a purchase price of 98.5%. If all bonds are not tendered, remaining proceeds will be put into a trustee, together with an irrevocable notice of redemption for the rem...
Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Mateo Salcedo

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