HPS Set to Offer €750 Million of Private Loans for EasyPark M&A

HPS Investment Partners is poised to provide a roughly €750 million ($802 million) direct loan package for parking-app business EasyPark AB to support its acquisition of a rival firm, people with knowledge of the matter said.

HPS, the sole lender, is set to provide a €600 million unitranche loan and a €150 million delayed draw loan that the company can choose to borrow from at a later date, said the people, who weren’t authorized to speak publicly. The loan is expected to carry a yield of about 6% over the Euribor base rate, with the lender receiving a discounted price ...