GROUPE INFRA PARK : Success of a new 20-year bond issue of 125 million euros (AcT)

La Défense, July 26^th, 2017

Press release

Infra Park announces the success of a new bond issue of €125 million. This new bond with a record maturity of 20-year (July 2037) bears a fixed coupon of 2.951%.

This operation allows Infra Park to anchor a 20-year credit spread of 145 bps over mid-swap rate, only 35 bps above its 12-year bond priced early July at 110bps.

This transaction enables Infra Park to become one of the few French BBB corporate issuer to achieve a 20-year maturity and to lengthen its debt maturity profile.

Infra Park is rated BBB/Positive and the new bond issue BBB (by Standard & Poor's).

NatWest Markets acted as lead manager and sole bookrunner for the bond offering.

About Infra Park

Infra Park (previously named Infra Foch), holding about 100% of Indigo Infra (previously named VINCI Park), is a key global player in car parking and urban mobility, which manages more than 2.1 million parking spaces in 16 different countries. In 2016, Infra Park revenues and EBITDA amounted to €860 million and €305 million respectively (Global Proportionate figures, pre-IFRS 11).

Infra Park is indirectly held at 49.2% by investment funds managed by Ardian, 49.2% by Crédit Agricole Assurances, and the remainder by the employees and management of the Group.

Source : Actusnews