Clifford Chance advises the lenders on Glaspoort's €1.2 billion sustainable linked financing for future fibre roll out
Summary
Global law firm Clifford Chance has advised the lenders in relation to Dutch fibre provider Glaspoorts 7-year 1.2 billion debt financing to support its future roll out strategy.The new financing replaces Glaspoorts existing 450 million financing and is an important step in supporting Glaspoorts business plan to connect 1.5 million households and businesses with fibre-to-the-home in the Netherlands. The new financing includes sustainability-linked KPIs that are aligned with Glaspoorts ESG strategy and targets. ING acted as sole debt advisor and sustainability coordinator. Coordinators and bookrunners of the facilities were ABN AMRO and ING with ABN AMRO, Co\xf6peratieve Rabobank, ING, Goldman Sachs, KFW IPEX-Bank, LBBW, MUFG Bank Europe and UniCredit acting as mandated lead arrangers.The Clifford Chance team was led by Titus de Vries and Herman Steinvoort, and further consisted of Angela McEwan, Tyson Reid, Regan Turner, Julia van Heusden, Sarah van Eijk, Lucrezia de Jorio (Global Financial Markets), Nolan Groenland, Robin Houtveen (Tax), Sara Schermerhorn, Najib Muslem (Employment) and Esm\xe9e Oldenkamp (Notary).