06.05.2025

Luther Drives Deal: Advises Financing Sources on Empark's €300 Million Senior Secured Notes Offering

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Luxembourg, 06.05.2025 – Luther guides the financing sources on Empark’s successful €300M senior secured notes offering and credit facility extension.

Luther advised the financing sources on Luxembourg law matters in connection with Empark's successful €300 million senior secured floating rate notes offering. Empark, known commercially as Telpark, is a major player in the Iberian car parking market.

The funds raised will be used to redeem Empark's outstanding floating rate senior secured notes due in 2030, as well as to fund a dividend. As part of the transaction, Luther also advised on an amendment and restatement of Empark's existing revolving credit facility, which increased the committed amount by €25 million to €125 million and extended the facility's maturity.

Bob Scharfe
Managing Partner Luther S.A.
Luxembourg
bob.scharfe@luther-lawfirm.com
+352 27484 1

Marion Lanne
Counsel
Luxembourg
marion.lanne@luther-lawfirm.com
+352 27484 1

Georgios Patsinaridis
Senior Associate
Luxembourg
georgios.patsinaridis@luther-lawfirm.com
+352 27484 1

Rafaella Gavrielidou
Associate
Luxembourg
rafaella.gavrielidou@luther-lawfirm.com
+352 27484 1