Global law firm Clifford Chance has advised the lenders in relation to Dutch fibre provider Glaspoort’s 7-year €1.2 billion debt financing to support its future roll out strategy.
The new financing replaces Glaspoort’s existing €450 million financing and is an important step in supporting Glaspoort’s business plan to connect 1.5 million households and businesses with fibre-to-the-home in the Netherlands. The new financing includes sustainability-linked KPIs that are aligned with Glaspoort’s ESG strategy and targets. ING acted as sole debt advisor and sustainability coordinator. Coordinators and bookrunners of the facilities were ABN AMRO and ING with ABN AMRO, Coöperatieve Rabobank, ING, Goldman Sachs, KFW IPEX-Bank, LBBW, MUFG Bank Europe and UniCredit acting as mandated lead arrangers.
The Clifford Chance team was led by Titus de Vries and Herman Steinvoort, and further consisted of Angela McEwan, Tyson Reid, Regan Turner, Julia van Heusden, Sarah van Eijk, Lucrezia de Jorio (Global Financial Markets), Nolan Groenland, Robin Houtveen (Tax), Sara Schermerhorn, Najib Muslem (Employment) and Esmée Oldenkamp (Notary).
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