With a focus on sustainability, the financing will support ongoing investments in open digital infrastructure
Eurofiber has successfully completed a major refinancing, securing 2.2 billion EUR in new long-term financing. This new financing platform will enable the company to continue its expansion and investments in infrastructure across Europe.
This new financing replaces Eurofiber’s existing financing of 1.5 billion EUR and includes significant undrawn credit lines. The transaction was supported by a broad range of banks and institutional investors.
This refinancing provides Eurofiber with a diversified financing structure, featuring investment-grade characteristics and access to multiple sources of liquidity, including, eventually, the capital markets.
The transaction is structured as a sustainability-linked loan, in accordance with the latest LMA principles on the subject. This refinancing includes annual ESG targets and a margin adjustment mechanism linked to three key performance indicators: the reduction of Scope 1, 2, and 3 greenhouse gas emissions in accordance with the Science Based Targets Initiative methodology, the introduction of a key performance indicator for circularity, and the improvement of workforce diversity.
Confirmation of the Business Model
This refinancing confirms Eurofiber’s strong position as a trusted provider of open digital infrastructure across Europe.
In light of the growing demand for secure, resilient, and scalable connectivity, this new financing platform provides Eurofiber with greater flexibility to invest in its fiber-optic networks, expand its cloud infrastructure services, and continue its commitment to customer-focused innovation in its core markets.
“This refinancing confirms the strength of Eurofiber’s business model and our financial partners’ confidence in our long-term strategy,” said Alex Goldblum, CEO of Eurofiber. “The new platform provides a diversified and scalable capital structure that supports our investment plans, strengthens our financial flexibility, and positions us favorably for continued growth in the European digital infrastructure market.”
BNP Paribas and Rothschild & Co acted as financial advisors, and Clifford Chance acted as legal counsel to Eurofiber, Antin Infrastructure Partners, and PGGM Infrastructure Fund in connection with the refinancing.
