Global law firm Clifford Chance has advised Eurofiber, together with its shareholders Antin Infrastructure Partners and PGGM Infrastructure Fund, on Eurofiber’s successful €2.2 billion sustainability-linked refinancing.
The new long-term financing platform replaces Eurofiber’s existing financing arrangements and provides substantial committed financing to support the company’s continued investment in open digital infrastructure across Europe. The transaction establishes a diversified funding structure with investment-grade characteristics and access to multiple sources of liquidity.
The refinancing was structured as a Sustainability-Linked Loan (SLL), incorporating ESG performance targets linked to greenhouse gas emissions reduction, circularity measures and workforce diversity objectives.
Headquartered in the Netherlands, Eurofiber is a leading provider of open digital infrastructure, offering fibre connectivity and cloud infrastructure solutions to businesses, public sector organisations and service providers across Europe.
Alexandra Dimsdale-Gill, who co-led the Clifford Chance team alongside Thomas Critchley, commented:
“We were thrilled to support Eurofiber, Antin and PGGM on this significant refinancing, which will provide a flexible, long-term financing platform to support Eurofiber’s continued growth. The transaction required close collaboration across our London, Amsterdam, Brussels, Paris and Frankfurt teams, and with our hedging and tax specialists – a fantastic team effort showcasing our expertise across multiple jurisdictions and specialisms.”
The Clifford Chance team was led by Debt Finance partners Alexandra Dimsdale-Gill and Thomas Critchley, with support from senior associates Louise Baxter and Maria Morris, associate Assisi Gifford and trainee Tarken Moore. The cross-border team also included Titus de Vries, Brittany Freling and Lisa Ye (Amsterdam); Lounia Czupper and Seline Akdeniz (Belgium); Chloe Desreumaux, Quentin Hervé and Thomas Launay (France); Simon Reitz and Marcel Knörchen (Germany). Hedging advice was provided by Will Winterton and Konstantin Korennoy; whilst Jemma Dick advised on tax elements.
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