In addition to the fixed amount, the financing provides for a further EUR 80 million uncommitted extension option. The financing is provided by a consortium of banks including: ING, KfW, and NORD/LB.

With this freshly raised capital, GVG can significantly increase the pace of its fiber optic projects across Germany and accelerate the expansion of its fibre-to-the-home (FTTH) networks.

“We are pleased to have supported one of the few major fiber optic financing projects in Germany this year with our expertise. Forward-looking projects like this are always close to our hearts,” Carla Luh, Head of the German Finance practice, comments.

Hogan Lovells advised on all legal aspects of the financing. Carla Luh and her team regularly support both borrowers and lenders in complex financing processes in the infrastructure, renewable energy and energy transition sectors.