Clifford Chance has advised the Deutsche Glasfaser Group on its refinancing of 650 million EUR.

Refinancing serves to further expand the fiber-optic infrastructure in Germany, especially in rural areas. The expansion of broadband coverage is an important requirement for the increasing digitization of the economy and society.

Deutsche Glasfaser plans, builds and operates fiber optic networks in Germany and supplies German households and companies with real fiber optic connections. The group, based in Borken, Nordrhein-Westfalen, was founded by the Dutch investor Reggeborgh. In 2015, the financial investor KKR acquired a majority interest in Deutsche Glasfaser.

The Clifford Chance team comprised partner Barbara Mayer-Trautmann (Munich), senior associate Christoph Nensa and associate Dr. Melanie Schmitz (both Frankfurt, all Finance), partner Marc Mehlen, associate Veronika Kaszas (both Finance) as well as senior associate Mélissa Kdyem (Corporate).