International banking club to finance the fibre-roll-out of Deutsche GigaNetz

Successful closing of a landmark transaction in relation to a further expansion of the fiber network in Germany

Deutsche GigaNetz GmbH, headquartered in Hamburg, has closed an investment financing agreement with an international banking club. Participants of the consortium are the following banks, all acting as Mandated Lead Arrangers: ABN Amro Bank N.V., ING-DiBa AG, KfW, KfW IPEX-Bank GmbH, Kommunalkredit Austria AG, Landesbank Baden-Württemberg (LBBW), National Westminster Bank plc (NatWest), Norddeutsche Landes Bank - Girozentrale (Nord/LB) and Skandinaviska Ensklida Banken AB (SEB). The transaction was significantly oversubscribed.

"We are very proud that we were able to attract the leading European institutions. All partners are very experienced in financing FttH-roll-out," explains Mirko Jerrentrup, CFO of Deutsche GigaNetz. "Together, we were able to secure long-term financing for the expansion of further municipalities with our future-proof fibre-optic infrastructure as the quality leader all the way to the customer in very favourable times."

The successful financing further supports our growth alongside the entry of DWS as second major investor alongside the original main investor, funds managed by InfraRed Capital Partners (InfraRed).

Deutsche GigaNetz, together with its banks, has structured a financing concept consisting of two main components:

1. funds from the promotional loan program "Digital Infrastructure" of the German Federal Government and KfW.

2. funds from an investment facility, in which the interest rate reflects the fulfilment of sustainability goals of Deutsche GigaNetz. These goals are based on the responsible use of resources (ESG).

In the context of financing, an ecologically sustainable, socially responsible, ethical and transparent corporate culture in the sense of an ESG strategy thus remains a natural part of Deutsche GigaNetz's successful concept. Founder and CEO Jan Budden: "We are delighted that our house banks comprehensively support the strategy of a highly scalable and process-oriented platform. Together with our financing partners, we are very well positioned for our further growth."