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Clifford Chance advises Eurofiber on EUR 1.5 billion sustainability-linked refinancing

4 July 2022

Clifford Chance advises Eurofiber on EUR 1.5 billion sustainability-linked refinancing

Clifford Chance has advised Eurofiber, a Dutch fibre network operator backed by Antin Infrastructure Partners and Dutch pension investor PGGM, on its EUR 1.5 billion sustainability-linked refinancing.

The facilities will support Eurofiber’s further network expansion across Europe, and include sustainability incentives in alignment with Eurofiber’s sustainability program, which includes measures that will lead to a 50% CO2 reduction by 2025, furthering the company’s stated goal to be 100% climate proof by 2030.

The lenders comprised ABN Amro, BNP Paribas, DNB, Hamburg Commercial, ING, KfW, Natixis, NIBC, Rabobank, Santander, SEB and Société Générale.

The international Clifford Chance team advising Eurofiber was led by London finance partner Thomas Critchley, supported by Alexandra Holden, Aram Valesyan and Boma George. Local law expertise was provided by Folko de Vries, Herman Steinvoort and Thomas Jonkers (Amsterdam), Bert De Maeyer and Alexander Tanguy (Brussels), Bettina Steinhauer and Christoph Nensa (Frankfurt), Peter Gierl (Munich), and Daniel Zerbib, Maroussia Cuny and Daria Vorobyeva (Paris). Hedging expertise was provided by Will Winterton and Stine-Lise Budge (London).