Hogan Lovells advises UBS Asset Management and Northern Fiber Holding on €550 million financing for fiber roll-out
Led by Hamburg partner Carla Luh, global law firm Hogan Lovells has advised investment company UBS Asset Management Real Estate & Private Markets (UBS) and Northern Fiber Holding GmbH (NFH) on the signing of a large debt financing package for the expansion of its fiber networks.
Northern Fiber Holding is an affiliate of UBS, which owns in particular two fibre companies, Lünecom and sewikom. In the successfully completed financing round, UBS and NFH concluded a long-term debt financing of up to €550 million (including an accordion facility) with an international bank syndicate.
Funding is provided by five lenders.
"We are very pleased to support UBS and NFH in the further expansion of their fibre platform with this successfully closed financing. It shows that large financings with the right structure continue to be possible even in a market environment that has changed since last year," said Carla Luh, head of the German financing practice at Hogan Lovells.
Hogan Lovells advised UBS and NFH extensively on the financing as well as the due diligence.
Hogan Lovells Team for Northern Fiber Holding
Dr Carla Luh (Partner), Marco Weibrecht (Counsel), Amy Wienke (Senior Associate), Tobias Ulbrich (Associate), Valentine Stein-Lüttges (Project Associate) (all Finance);
Dr Alexander Stefan Rieger (Partner), Johannes Groß (Senior Associate), Pascal Wagenführ, Julian Schmidt, Dr Joscha Müller, (Associates) (all Due Diligence);
Edward Fear (Senior Associate, Finance);
Ariane Mehrshahi (Partner), Agnes Merz (Senior Associate), Carla Valdes Cortes (Associate) (all Banking and Debt Capital Markets);
Mathilde Soetens (Associate, Investment Funds).