Telpark, a leading company in the development of urban mobility ecosystems, has launched a €540 million senior secured bond issue with a five-year maturity to refinance early its current fixed-rate tranche, whose bonds were due to mature in 2028.
The transaction will enable the repurchase of the fixed-rate bonds currently outstanding, with a nominal value of €475 million. The proceeds will also be used to cover transaction-related expenses and maintain a cash position that will allow the company to pursue future inorganic growth opportunities.
The transaction was led by J.P. Morgan and Goldman Sachs as Global Coordinators, with BNP Paribas and Bank of America participating in the placement.
For this issuance, Telpark received a BB rating with a Stable Outlook from Fitch. Meanwhile, S&P and Moody’s maintained their existing ratings of BB (Stable) and Ba3 (Stable), respectively. Taken together, these ratings reflect a favorable assessment of the company’s credit quality and its ability to maintain a stable financial profile.
Record Results in 2025
The bond issue is supported by Telpark’s strong financial performance. The company closed 2025 with adjusted revenues of €231.1 million, representing growth of 9.4% compared with the previous year. Adjusted EBITDA reached €119.0 million, up 10.9% from 2024 and marking a new all-time high for the company.
This sustained growth trajectory reinforces the strength of Telpark’s business model and supports its ability to continue executing its expansion strategy across the Iberian Peninsula.
About Telpark
With more than 50 years of experience in the sector and operations in 150 cities across Spain, Portugal, and Andorra, Telpark is the leading developer of urban mobility ecosystems in Iberia. The company manages more than 320,000 parking spaces and operates a differentiated model that integrates off-street parking, regulated on-street parking, and electric vehicle charging.
Its activities go beyond traditional parking management and include services linked to the new urban mobility landscape, such as low-emission zone management, loading and unloading areas, park-and-ride facilities, and mobility hubs equipped with ultra-fast charging infrastructure. This positioning makes Telpark a strategic partner for cities and municipalities seeking to develop more efficient and sustainable mobility solutions. The company is owned by investment fund Macquarie.
Telpark also operates the leading mobility app in Iberia, with more than 6.4 million users. In addition, the company leads the deployment of electric vehicle charging infrastructure in parking facilities across key urban locations in Spain and Portugal, with nearly 1,500 charging points already installed and a significant expansion plan focused on ultra-fast chargers.
For more information, visit: www.empark.com
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