ING Bank in its role as Coordinator and Bookrunning Mandated Lead Arranger, together with Barclays Bank, BNP Paribas Fortis, NIBC Bank, Royal Bank of Canada and SEB (together the Mandated Lead Arrangers) have successfully closed the EUR 175m Senior Secured Credit Facilities for euNetworks, the company said.
The transaction was an amendment and restatement of euNetworks´ existing EUR105m Senior Secured Credit Facilities from 2014.
BNP Paribas Fortis, NIBC Bank and SEB joined in syndication as new lenders. With a significantly widened banking group, the new facilities were strongly oversubscribed and all banks were downscaled.
Barclays Bank is acting as Facility and Security Agent.
euNetworks is a fibre-optic network operator, providing high-performance, mission critical bandwidth services to large enterprises, technology, telecommunications and finance companies across its Western-European network infrastructure.