Spain: Igneo Completes Parkia’s Refinancing Process for €370 million

Published on Apr 25, 2023

Cuatrecasas has advised Allianz, Carlyle and Metlife on the debt refinancing process of Parkia, a car park subsidiary of Igneo Infrastructure Partners, the infrastructure division of Australian fund First Sentier. The transaction, completed through a private bond placement under UK law, reached €370 million.

This refinancing will allow Parkia, one of the key operators in the sector with over 38,000 public parking spots throughout Spain and Andorra, to continue growing and diversifying its service portfolio in the Iberian market.