In July 2024, Pricoa Private Capital provided a one-stop financing to Hudson Vally Parking Trust for the acquisition of ICON Parking. The financing solution consists of a Delayed Draw Term Loan (unfunded at close), a Senior Term Loan and Senior Subordinated Notes. Hudson Valley Parking Trust is a global parking acquisition platform operated by a team of parking veterans and led by Jerry Skillet, who has a demonstrated track record of portfolio expansion within multistate parking assets.
Pricoa Private Capital was chosen as a financial partner to support Hudson Vally Parking Trust’s team because we bring a long-term and relationship-focused approach as well as the capacity to deploy a broad range of private capital solutions across the balance sheet.
ArdentFox Schiff represented Pricoa Private Capital as lender counsel. 1V1sion Capital advised on the transaction.