euNetworks Refinances Existing Debt and Secures Additional Sustainability Debt Commitment to Drive Continued Growth | Business and finance

LONDON – (BUSINESS WIRE) – December 9, 2021–

euNetworks Holdings Limited (“EuNetworks”), a Western European bandwidth infrastructure company, today announced that it has completed the refinancing of existing debt as well as the lifting of significant committed and unused debt facilities to finance construction and development of the next generation of critical bandwidth infrastructure in Europe. This new long-term infrastructure financing solution offers total debt facilities of 760 million euros.

Brady Rafuse, CEO of euNetworks (Photo: Business Wire)

euNetworks builds and invests in urban and long-haul fiber networks to connect key data centers and data center hubs across the UK and Europe. The company owns and operates fiber optic networks in 17 cities and also operates a highly differentiated long distance network that today spans 15 countries. Recent investments in super highways on long haul routes reflect euNetworks’ commitment to meeting Europe’s future international bandwidth needs and the company continues to build unique routes, add multiple diverse paths and expand its reach into major hyperscale data center sites, data center clusters and point network aggregation. These investments continue to fuel the growth of the business and are driven by the capacity needs of euNetworks customers.

Refinancing has attracted considerable interest from infrastructure lenders, both banks and blue chip institutional investors, reflecting euNetworks’ strong infrastructure characteristics. It is sustainability-linked debt financing, focused on key social and environmental performance objectives that reflect euNetworks’ ESG program. The financing includes a significant revolving investment facility committed to support future organic growth opportunities and M&A activity, and establishes a long-term financing platform provided by 16 backers, including Allianz Global Investors, AXA IM Alts, Edmond de Rothschild AM BRIDGE, MEAG, Schroders Capital, Vantage Infrastructure, Banco de Sabadell, DNB (UK) Limited, Export and Development Canada (EDC), Intesa Sanpaolo, Lloyds Bank, National Australia Bank, National Westminster Bank plc , NIBC, Santander and Royal Bank of Canada.

“This refinancing allows us to continue to grow in partnership with our customers, to continue to invest in new technologies and to continue to deepen our network footprint,” said Brady Rafuse, CEO of euNetworks. “The high level of liquidity available through the process also reflects the strong proposition and core infrastructure features offered by euNetworks. We are delighted that this increase in debt has provided the opportunity to anchor our commitment to sustainability through the inclusion of key performance indicators related to ESG factors and thank our lenders for their support as we continue. to build and deploy fiber network infrastructure in Europe.

“There is no shortage of exciting capital opportunities in Europe and this new long-term infrastructure funding will allow euNetworks to build on its unique position in the region, fueling further organic growth,” said Brian McMullen, Senior Managing Director of Stonepeak. “As the fastest growing fiber optic company in Europe, euNetworks continues to distinguish itself in an increasingly connected society, where certain backbone networks underpin the digital infrastructure ecosystem. The team continues to do exceptional work and we remain committed to supporting them as they progress, deploying capital at a sustained pace. “

euNetworks was advised by RBC Capital Markets (debt advisor) and Allen & Overy (legal advisor). The lenders have been advised by Latham & Watkins.

euNetworks is a bandwidth infrastructure company, owning and operating 17 fiber-optic metro networks connected to a high-capacity trunk backbone covering 51 cities in 15 countries in Europe. The company is the market leader in data center connectivity, directly connecting more than 455 today. euNetworks is also a leading provider of cloud connectivity and offers a targeted portfolio of metro and long-haul services including dark fiber, wavelengths and Ethernet. Wholesale, Financials, Content, Media, Mobile, Data Center and Enterprise customers benefit from euNetworks unique inventory of fiber-based and conduit-based assets that are designed to meet their high bandwidth needs. For more information visit eunetworks.com.

Stonepeak is a leading alternative investment firm specializing in infrastructure and real assets with approximately $ 39 billion in assets under management. Through its investments in defensive companies and sustainable assets globally, Stonepeak aims to create value for its investors and the companies in its portfolio, and to have a positive impact on the communities in which it operates. Stonepeak sponsors private equity and credit oriented investment vehicles. The company provides capital, operational support and a committed partnership to sustainably increase investments in its target sectors, including communications, energy transition, electricity and renewable energies, transport and logistics, and water. Stonepeak is headquartered in New York with offices in Austin, Hong Kong, Houston and Sydney. For more information, please visit https://stonepeakpartners.com.

CONTACT: euNetworks contact:

Hannah Britt | Senior Director, Marketing and IR | euNetworks

| +44 7717 896 446 mobile contactStonepeak:

KEYWORD: UNITED KINGDOM EUROPE

INDUSTRY KEYWORD: PROFESSIONAL SERVICES DATA MANAGEMENT TECHNOLOGY TELECOMMUNICATIONS MOBILE / WIRELESS FINANCIAL NETWORKS

SOURCE: euNetworks Holdings Limited

Copyright Business Wire 2021.

PUB: 12/09/2021 03:30 / DISC: 12/09/2021 03:32

Copyright Business Wire 2021.

Comments are closed.