German operator Deutsche Glasfaser said it has signed a debt financing worth EUR 5.75 billion to fund its FTTH roll-out and refinance its existing debt. The package includes a EUR 3 billion term loan, a capex facility of EUR 2.5 billion and a revolving credit facility of EUR 250 million.
Deutsche Glasfaser also secured an uncommited credit facility of EUR 1.5 billion. The facilities include a sustainability-linked mechanism, with interest linked to the company’s efforts in reducing carbon emissions in line with the targets of the Paris agreement, commitment to overcome the digital divide by connecting underserved areas, and contributing to the German government's plan to provide a nationwide fibre broadband infrastructure and continuing to be a socially responsible and attractive place to work.
The five cornerstone lenders are Axa IM Alts, Generali Global Infrastructure, Kommunalkredit, LBBW and National Bank of Austria.
