IPG Refinancing (2024)
Year
2024
Location
New South Wales, Queensland, Western Australia
Sector
Role
Financial advisor
Value
$190m
Planum Partners was International Parking Group’s (IPG) financial advisor for its corporate and Queen Elizabeth II (QEII) carpark debt refinancing. IPG is owned by Igneo Infrastructure and Prime Super (managed by Patrizia). IPG owns and operates 10 car parks across Australia.
Planum structured the refinancing to include the QEII PPP SPV debt, via an on-loan, into IPG’s corporate (portfolio) facilities. This involved working with both the WA State Government and Western Australia Treasury Corporation (as advisor to the State).
The refinancing also included committed undrawn facilities to support IPG’s Herston Quarter car park developments.