Lander & Rogers has successfully advised Smart Parking Limited on a debt facility agreement with HSBC Australia, which positions the company to expand its global operations and maintain its leadership in innovative parking solutions.
Key highlights of the financing arrangement include access to multicurrency revolving and accordion facilities of up to A$20 million, as well as on demand facilities, including Letter of Credit and corporate credit card facilities, providing flexibility to support Smart Parking's global activities and enabling scalable financing for future growth.
A pioneering force in parking technology, Smart Parking Limited have been an ASX publicly listed company since early 2011. With operations spanning ANZ, Germany, Denmark and the UK, they have pioneered parking technology through their operation of thousands of parking spaces utilising proprietary Automatic Number Plate Recognition (ANPR) technology to streamline parking management.
Partner Adam Jeffrey led the Lander & Rogers team through the financing transaction. He commented: "We are delighted to support Smart Parking Limited in securing this strategically important financing with HSBC. These facilities give Smart Parking enhanced flexibility to pursue growth opportunities and investments that will solidify its position as a global leader in parking technology. It’s exciting to see how this new facility will fuel innovation and expansion, and we look forward to continuing Lander & Rogers' partnership with such an innovative company.”
Adam was supported by senior associate Dominic Ho and lawyer Mariam Dib, who played key roles in negotiating the terms and finance documents, coordinating deliverables across multiple jurisdictions, and ensuring the transaction’s success.
This transaction underscores Lander & Rogers’ expertise in advising on complex financing arrangements across the technology and infrastructure sectors.
