Paul, Weiss advised EQT and its portfolio company Deutsche Glasfaser, the leading fiber broadband provider in rural and suburban Germany, in Deutsche Glasfaser’s procurement of €1.25 billion in additional debt funding to support its fiber-to-the-home (FTTH) rollout. The new financing will support the expansion of Deutsche Glasfaser’s nationwide footprint and help provide FTTH to six million homes.

Under the terms of the financing, existing and new commercial lenders provided approximately €900 million, with an additional €350 million from the European Investment Bank for investments in underserved areas of Germany. The financing brings the company’s total debt package to €7 billion, complemented by the equity commitments of company shareholders, EQT Infrastructure and OMERS.

The Paul, Weiss team was led by corporate partners Taner Hassan and Silvia Menendez.