Eurofiber completes a Euro 1.5 billion sustainability-linked refinancing
supporting further network expansion across Europe
Eurofiber completed the refinancing of its existing facilities with a consortium of Underwriters and Cornerstone Lenders committing Senior Debt Facilities of EUR 1.5 billion at attractive terms. ING acted as debt advisor to Eurofiber in the refinancing. The facilities and the related hedging have sustainability incentives in alignment with Eurofiber’s sustainability program, which includes measures that will lead to a 50% CO2 reduction by 2025, furthering the company’s stated goal to be 100% climate proof by 2030.
The digital transformation of our society demands reliable, safe and secure fiberoptic networks and cloud infrastructure solutions. As a provider of open digital infrastructure since 2000, Eurofiber owns and operates industry-leading fiberoptic networks and cloud infrastructure solutions. Underpinned by a strong appetite among banks to contribute to Eurofiber’s continuing story of success, the refinancing will be used to invest in the rollout of fiberoptic networks internationally and future acquisitions. The ESG linkage of the loan and swaps further demonstrates Eurofiber, PGGM and Antin’s collective commitment to sustainability.
“This landmark refinancing testifies to a continued strong belief in the strategy of Eurofiber and its rapid fiber roll out in the Netherlands, Belgium, France and Germany. The refinancing allows us to continue pursuing our growth journey” said Edze Tollenaar, CFO of Eurofiber.
“It is great to see Eurofiber combining its growth plans in the fiber market with reaching its sustainability performance targets. We are very proud we have been able to support Eurofiber as debt advisor with this refinancing, another milestone in the company’s continued development" said Blaise van der Zwaal, Managing Director within ING’s technology, media and telecoms (TMT) sector coverage team.
Eurofiber has been a provider of industry-leading open digital infrastructure since 2000. Utilizing our own fiberoptic network and datacenters, we provide smart, open, future-proof cloud infrastructure and connectivity solutions to companies, government bodies and non-profit organizations. Customers have complete freedom to choose the services, applications and providers they need, allowing them to tap into the full potential of digital innovation. Eurofiber has a 61,700 km fiberoptic network in the Netherlands, Belgium, France and Germany. This network is expanded by 50 km per week on average. Eurofiber companies Dataplace, FullSave and Eura DC operate eleven datacenters in the Netherlands and France. Supplementing that vital infrastructure, we also offer interconnectivity between nearly all carrier-neutral datacenters in The Netherlands and Belgium through the DCspine platform. Eurofiber is laying the foundation under the digital society, which is why the Dutch government has assigned Eurofiber the status of ‘vital infrastructure’.
Eurofiber is supported by its shareholders Antin Infrastructure Partners, a leading private equity firm focused on infrastructure investments, and the PGGM Infrastructure Fund, an open-ended core infrastructure fund with investments in OECD countries. More information is available at www.eurofiber.com.
The Eurofiber Group consists of: Eurofiber, Eurofiber Cloud Infra (including DCspine, MatrixMind and Dataplace (The Netherlands)), FullSave, Lumos, Netiwan, Eurafibre, ATE and Eura DC (France). Eurofiber participates in joint ventures Vattenfall Eurofiber (Germany) and Unifiber (with Proximus, Belgium) and has an investment partnership with German NGN Fiber Network.
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