Ashurst advises European Investment Bank (EIB) on the first fibre optic financing in Germany

Ashurst has advised the European Investment Bank (EIB) on a EUR 175 million debt financing for Northern Fiber Holding (NFH). The purpose of the financing is the expansion of NFH's fibre optic network in Northern Germany. This is the EIB's first fibre optic financing in Germany.

Northern Fiber Holding is part of the infrastructure portfolio of UBS Asset Management. Northern Fiber Holding includes the fibre optic companies Lünecom Kommunikationslösungen GmbH (Lüneburg) and sewikom GmbH (Beverungen) as well as the B2B telecommunications provider terralink networks GmbH from Hamburg.

The Ashurst team advised under the leadership of partner Derk Opitz and was supported by Tobias Bürk (Associate) and Ariana Fazlic (Senior Transaction Lawyer, all Global Loans).