Orange Concessions, a French fiber-to-the-home (FTTH) operator, has secured a €1.29 billion ($1.5 billion) refinancing package to accelerate its fiber network rollout across rural France.
The consortium funding Orange Concessions’ expansion plans includes infrastructure bank NORD/LB, 13 global banks and four institutional investors. The refinancing consists of a €1.23 billion ($1.4 billion) term loan, a €60 million ($70 million) revolving credit facility and a further uncommitted incremental facility.
Orange Concessions, owned by multinational telecoms provider Orange SA and digital infrastructure investor Holding d’Infrastructures Numériques, operates 23 fiber networks throughout the country and overseas territories. The operator’s fiber network already provides more than 4 million homes and businesses with fast, reliable internet.
“NORD/LB is deeply committed to financing infrastructure projects that transform rural communities across Europe,”
