CMS advises Pricoa Private Capital on first US private placement under Belgian law for Interparking

Interparking, a leading European car park operator, has successfully issued its first US private placement governed by Belgian law, which was subscribed by Pricoa Private Capital, the private debt investment affiliate of PGIM, Inc.

This €50 million US private placement was issued with a 10-year bullet maturity pursuant to a private shelf facility governed by Belgian law, and includes the option for Interparking to potentially draw down up to a further US$170 million (or its equivalent in euros) of US private placement debt.

The CMS teams (Belgium and France) advising Pricoa Private Capital on this transaction comprised:

• CMS Belgium: Benoît Vandervelde and Anaïs Casteur for Capital Markets matters and Arnout Vaninbroukx for Tax matters
• CMS France: Marc-Etienne Sébire, Myriam Issad and Pierre Maunand