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January 24, 2026
Latham & Watkins Represents Carlyle and Other Creditors in US$750 Million Debt Financing for The Parking Spot
1 min
AI-made summary
- Carlyle announced the closing of a US$750 million senior secured debt financing for The Parking Spot, the largest near-airport parking company in the United States
- The financing will be used to refinance existing debt related to 28 parking facilities across 18 major US airports in 13 states
- Carlyle acted as sole manager, structuring agent, and ratings advisor
- Latham & Watkins LLP represented Carlyle, providing legal counsel across multiple practice areas.
Global investment firm Carlyle (NASDAQ: CG) announced the closing of a US$750 million senior secured debt financing for The Parking Spot, the largest near-airport parking company in the United States. The facility will support the refinancing of existing debt associated with a subset of The Parking Spot’s portfolio consisting of 28 near-airport parking facilities located across 18 major US airports in 13 states. Carlyle served as the sole manager, sole structuring agent, and ratings advisor for the transaction. Latham & Watkins LLP represented Carlyle in the financing with a team led by New York partner Gianluca Bacchiocchi, with associates Carlos Ibarguengoitia and Miles Primason, and a real estate team led by New York counsel Lisa Brabant, with associates Sara Aziz* and Alex Liscio. Advice was also provided on tax matters by New York partner Elena Romanova; on ERISA matters by Los Angeles/New York counsel Aryeh Zuber; on environmental matters by New York counsel David Langer; on intellectual property matters by New York partner Jeffrey Tochner; on litigation matters by Washington, D.C. associate Rebekah Soule; on anticorruption/sanctions matters by London/Washington, D.C. partner Nathan Seltzer, with associate Matthew Gregory; and on bank regulatory matters by New York counsel Pia Naib, with associate Ja Hyeon Park. *Admitted to practice in New York and New Jersey only.~~
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