Eurofiber secures €2.2 billion sustainability-linked debt financing to support its continued investment in open digital infrastructure

Today Eurofiber has successfully completed a major refinancing, securing €2.2bn in new long-term financing. The new long-term financing platform will support the company’s continued expansion and investment in open digital infrastructure across Europe.

The new financing platform replaces Eurofiber’s existing €1.5 billion financing and comprises significant undrawn committed debt facilities. The transaction was strongly supported by a broad group of banks and institutional investors.

The refinancing provides Eurofiber with a diversified funding structure with investment-grade characteristics and access to multiple sources of liquidity, including, over time, the capital markets.

The transaction is structured as a Sustainability-Linked Loan aligned with the latest LMA Sustainability-Linked Loan Principles. It includes annual ESG targets and a margin adjustment mechanism linked to three key performance indicators: reducing Scope 1, 2 and 3 greenhouse gas emissions in line with the Science Based Targets initiative methodology, introducing a circularity KPI and increasing gender diversity across the workforce.

The refinancing underlines Eurofiber’s strong position as a trusted provider of open digital infrastructure across Europe. As demand for secure, resilient and scalable connectivity continues to grow, the new financing platform gives Eurofiber additional flexibility to invest in its fiber networks, expand its cloud infrastructure services and continue delivering customer-driven innovation in its core markets.

“This refinancing confirms the strength of Eurofiber’s business model and the confidence of our financing partners in our long-term strategy. The new platform provides a diversified and scalable capital structure that supports our investment plans, enhances our financial flexibility and positions us well for continued growth in Europe’s digital infrastructure market,” said Alex Goldblum, CEO of Eurofiber.

BNP Paribas and Rothschild & Co acted as financial advisors and Clifford Chance as legal advisors to Eurofiber, Antin Infrastructure Partners and PGGM Infrastructure Fund in connection with the refinancing.