LONDON, June 29, 2026 - Proskauer advised the Initial Purchasers on the high yield bond issuance totalling €540 million by Empark, a leading mobility infrastructure provider in the Iberian Peninsula. The company, commercially known as Telpark, is owned by funds operated by Macquarie Infrastructure and Real Assets (Europe) Limited. Proskauer also advised the Dealer Managers on the tender offer process for certain of Empark’s existing bonds.
Empark issued €540 million of 4.5% Senior Secured Notes due in 2031. The net proceeds were used to refinance certain of the company's indebtedness, including by way of a partial tender of its existing fixed rate notes, and for general corporate purposes.
The High Yield Team was led by partners Jake Keaveny, Co-Head of Global Capital Markets, and Court Tisdale, and involved associates Pierfrancesco Bencivenga and Rana Ali Yar Khan (Capital Markets and Global Finance).