In April 2022, we first met the management team and built a relationship with subsequent meetings and dialogue. During Summer 2023, the Interparking team had a near-term capital need, and both parties pushed towards closing a transaction together. In December 2023, Pricoa Private Capital set up a $225 million multi-currency Shelf Facility and provided €50 million of Senior Unsecured Notes with a 10-year bullet maturity.
Interparking decided to partner with us given i) our relationship-oriented, flexible approach, ii) the possibility of further draws under the shelf framework to finance their upcoming capex, and iii) our long-term financing with certainty of execution.
We are excited to formalise our partnership with Interparking through this investment, and we look forward to continuing to support the Company into the future.