Kirkland Advises Strategic Value Partners and APCOA on Senior Secured Notes Offering

Kirkland & Ellis advised Strategic Value Partners and APCOA, the leading European parking infrastructure operator and services provider, on the offering of APCOA’s €685 million senior secured notes due 2031, comprising €300 million aggregate principal amount of 6.00% senior secured notes due 2031 and €385 million aggregate principal amount of senior secured floating rate notes due 2031. The proceeds of the notes were used to refinance APCOA’s existing notes, including through a tender offer and novel satisfaction and discharge using European public sector securities instead of cash, extending APCOA’s maturity profile and lowering its refinancing costs.

The Kirkland team included capital markets lawyers William Burke, Tim Volkheimer, Serguei Chevtchenko, Elio Gaarthuis, Georg Lorenz and Patrick Wieser; debt finance lawyers Sam Sherwood, Daniel Borg, Tian Sun, Philipp Engel, Cristina Poon, Anastasis Voskos, Alexander Längsfeld, Jörg Weber and Amelie Buchecker; and tax lawyers James Morgan, Michael Ehret and Hugo Coleman.