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Sign in Sign up for a FREE subscriptionXpFibre secures €6b debt refinancing with the help of DC Advisory
XpFibre, the largest independent fiber-to-the-home infrastructure operator in France, backed by Altice, OMERS, Allianz and AXA, has secured a €5.8 billion ($6.3 billion) debt financing package.
The new financing moved away from traditional precedent fiber finance transactions to a more utility-like infrastructure platform that reflects the mature, brownfield nature of the company, supported by long-term contracts and a protective regulatory scheme.
DC Advisory was mandated to advise on the refinancing of the existing capital structure and raising of new long-term financing to align the capital structure with the utility-like nature of the business.
DC Advisory analyzed refinancing options to achieve an investment grade–like structure and terms. It ran a highly competitive financing process, competing different structures and pools of liquidity across global bank lenders and private placement funds across Europe and the United States.
DC Advisory, alon
