Report
Q-Park : Update on recommendations following the new issuance
We see the overall transaction as positive as, besides having limited impact on the company’s credit metrics, it allows Q-Park to extend its debt maturities. Pro forma the transaction, the next important debt maturity (excluding leases) is the € 630m bond due March 2027. We also take the opportunity to upgrade our recommendation on the EUR 2027 notes to Buy (from Neutral) playing a refinancing (at least partially) of at least 1.5 years before maturity. - > - ...
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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.
Mateo Salcedo
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