Macquarie Asset Management has finalized a €125 million ($142 million) debt investment with SIRO to help finance the expansion of its ultrafast broadband network in Ireland.
SIRO is a leading broadband-network operator, with a fiber-to-the-home network passing approximately 410,000 homes and businesses. Utilizing the electricity-network infrastructure provided by ESB Networks, SIRO plans to expand its wholesale-only fiber network to reach approximately 770,000 premises across more than 150 regional towns and cities by 2026.
The term loan provided by Macquarie Asset Management’s institutional clients will help SIRO refinance existing debt and fund the rest of its expansion program. Macquarie Asset Management represented the largest institutional component of the €620 million ($706 million) debt-financing package arranged by NatWest, which will provide SIRO with flexibility as it delivers its rollout plan.
“Our fiber broadband network is currently availa
