EUR 175m Senior Secured Credit Facilities for euNetworks Holdings Limited

London, UNITED KINGDOM 27 MARCH 2017 ING Bank in its role as Coordinator and Bookrunning Mandated Lead Arranger, together with Barclays Bank, BNP Paribas Fortis, NIBC Bank, Royal Bank of Canada and SEB (together the Mandated Lead Arrangers) have successfully closed the EUR 175m Senior Secured Credit Facilities for euNetworks. The transaction was an amendment and restatement of euNetworks’ existing EUR105m Senior Secured Credit Facilities from 2014. BNP Paribas Fortis, NIBC Bank and SEB joined in syndication as new lenders. With a significantly widened banking group, the new facilities were strongly oversubscribed and all banks were downscaled. Barclays Bank is acting as Facility and Security Agent. The EUR 175m Senior Secured Credit Facilities consist of:

  • a EUR 125m Term Loan A and
  • a EUR 50m Revolving Credit Facility.

The termination dates of both loans are 5 years from the Effective Date of 13 March 2017. Other terms of the transaction are undisclosed.

Banks
COORDINATOR and BOOKRUNNING MANDATED LEAD ARRANGER
ING Bank
MANDATED LEAD ARRANGERS
Barclays Bank
BNP Paribas Fortis
NIBC Bank
RBC Capital Markets
SEB

euNetworks is a fibre-optic network operator, providing high-performance, mission critical bandwidth services to large enterprises, technology, telecommunications and finance companies across its Western-European network infrastructure. For further information please contact: ING Bank Matthew Rhys-Evans +44 77 66 500 141 Sicco Boomsma +31 20 56313760

About euNetworks

euNetworks is a bandwidth infrastructure company, owning and operating 17 fibre based metropolitan networks connected with a high capacity intercity backbone covering 51 cities in 15 countries. The company leads the market in data centre connectivity, directly connecting over 430 today. euNetworks is also a leading cloud connectivity provider, directly connecting to all key cloud platforms with access to additional platforms. The company offers a targeted portfolio of metropolitan and long haul services including Dark Fibre, Wavelengths, and Ethernet. Wholesale, finance, content, media, data centre and enterprise customers benefit from euNetworks’ unique inventory of fibre and duct based assets that are tailored to fulfil their high bandwidth needs.