Led by Hamburg partner Dr Carla Luh and associate Tobias Ulbrich global law firm Hogan Lovells has advised an international banking consortium on the expansion of an existing financing for Intermediate Capital Group’s asset TNG Glasfaser GmbH, adding EUR 175 million in new credit facilities.
The additional financing was structured to include new lenders, significantly strengthening the financial foundation of the fiber company.
The additional credit lines enhance the original financing package of EUR 325 million. The new facilities expand the existing structure, bringing additional lenders into the consortium and increasing the resources available to support TNG’s growth.
“This successful expansion of the financing package highlights the ongoing commitment to advancing digital infrastructure projects in Germany. We are pleased that we could add our expertise and advise the banks in structuring a forward-looking financing solution,” comments Carla Luh.
Hogan Lovells provided comprehensive legal advice to the banking consortium.
