Eurofiber secures €2.2bn sustainability-linked debt financing to fuel European expansion

Eurofiber has secured €2.2 billion ($2.56 billion) in long-term financing through a sustainability-linked refinancing, bolstering its capacity to expand open digital infrastructure across Europe. The new facility replaces the company's existing €1.5 billion ($1.75 billion) debt package and includes significant undrawn committed facilities, providing substantial headroom for future investment.

The transaction drew strong support from a broad group of banks and institutional investors, reflecting confidence in Eurofiber's growth trajectory. Australian investment firm Macquarie Asset Management participated in the round, separately confirming its contribution of €125 million ($145 million) in senior term loan financing.

Eurofiber operates a 77,500-kilometer fiber network spanning the Netherlands, Belgium, Luxembourg, France, and Germany, alongside eight data centers in the Netherlands. The company expanded its data center portfolio in 2024 with the acquisition of two facilities as part of its purchase of Bytesnet, underscoring its commitment to strengthening digital infrastructure assets across the region.

The refinancing is structured as a Sustainability-Linked Loan aligned with the latest LMA Sustainability-Linked Loan Principles. It incorporates annual ESG targets and a margin adjustment mechanism tied to three key performance indicators: reducing Scope 1, 2, and 3 greenhouse gas emissions in line with the Science Based Targets initiative methodology, introducing a circularity KPI, and increasing gender diversity across the workforce.

Proceeds from the refinancing will support further investment into Eurofiber's fiber network, expansion of its cloud infrastructure services, and customer-driven innovation in its core markets. The company said the new capital structure enhances financial flexibility and positions it for sustained growth in Europe's competitive digital infrastructure landscape.

"This refinancing confirms the strength of Eurofiber's business model and the confidence of our financing partners in our long-term strategy," said Alex Goldblum, CEO of Eurofiber. "The new platform provides a diversified and scalable capital structure that supports our investment plans, enhances our financial flexibility and positions us well for continued growth in Europe's digital infrastructure market."

BNP Paribas and Rothschild & Co acted as financial advisors, while Clifford Chance served as legal advisor to Eurofiber, Antin Infrastructure Partners, and PGGM Infrastructure Fund in connection with the transaction.

The financing comes amid a period of strategic activity for Eurofiber. In June, the company agreed to sell four of its French data centers to edge data center firm Etix, and in February it acquired Luxembourg-based connectivity provider LuxNetwork, demonstrating a dynamic approach to portfolio optimization and market expansion.