Global law firm White & Case LLP has advised a banking consortium consisting of ING Bank (ING), Kreditanstalt für Wiederaufbau (KfW) and Norddeutsche Landesbank (NORD/LB) on the financing of GVG Glasfaser GmbH, an investment of Palladio Partners, for the further expansion of its fibre network.
"We have advised on almost all major financings in the German fibre optic market this year, which underlines our leading position in the field of digital infrastructure financing," said White & Case partner Sébastien Seele, who led the Firm's deal team.
The financing consists of a term loan, a capex facility and a revolving credit facility.
The White & Case team in Frankfurt which advised on the transaction was led by partner Sébastien Seele and included associates Marie-Christin Frowerk, Ann-Marie Hovey and Markus Stelzig.
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