Speedbreak BidCo GmbH

Deutsche Glasfaser's FTTH Roll Out Project Financing

Borrower (s)
Speedbreak BidCo GmbH
Industry
Telecoms and Communications/Broadband / cable network
Area of finance
Project & Infrastructure Finance
Region
Europe
Countries
Germany

Deal Overview

Deutsche Glasfaser, a fiber-to-the-home (FTTH) provider in Germany, which is backed by EQT Infrastructure and OMERS, has signed a debt financing agreement totaling €5.75bn, with a consortium of lenders, for the purposes of i) refinancing its existing debt and ii) providing incremental capital...

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Deutsche Glasfaser, a fiber-to-the-home (FTTH) provider in Germany, which is backed by EQT Infrastructure and OMERS, has signed a debt financing agreement totaling €5.75bn, with a consortium of lenders, for the purposes of i) refinancing its existing debt and ii) providing incremental capital to invest in fiber optic deployments in Germany. Notably, this deal represents the largest fiber optic financing transaction in Germany. This is an ESG-linked loan as the margins on the deal are tied to three KPIs - carbon dioxide emissions, connecting rural households to the fibre optic network and social responsibility as an employer.

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Deal Volume
$6.51bn
Financial Close
31 March 2022
Sources
Submitted by participant(s), Press release, Proximo article, Press release

All Dealmakers

Christian Fangmann

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Tranches


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Projects

Deutsche Glasfaser's FTTH Roll Out Project

Greenfield
Broadband / cable network
Europe
Germany
$6.51bn