Evergreen advises MasOrange on PremiumFiber financing
Evergreen Legal has advised MasOrange on the financing of PremiumFiber, the new netco also backed by Vodafone Spain and Singapore’s sovereign wealth fund (GIC). With this operation, PremiumFiber aims to become one of the largest fibre-optic network in the country, with more than 10 million homes connected and room for further expansion in the coming years, states Evergreen.
The deal is structured through a financing package consisting of €4.7 billion in investment-grade rated senior debt and an additional €700 million in holdco financing, supported by nearly 20 international financial institutions. This structure will allow PremiumFiber to accelerate its industrial strategy, drive new infrastructure investments and strengthen its position among the Spanish telecommunications networks.
Evergreen Legal advised MasOrange on all Spanish-law aspects relating to the financing and the structure of the new company, in a process that also involved other jurisdictions such as the United Kingdom and Luxembourg.
Evergreen Legal’s team was led by Alberto Campo (pictured), partner in charge of banking & finance, together with Marta González Araña, partner in banking & finance; Pablo Alarcón (senior associate, banking & finance); and Javier Delgado (junior lawyer, banking & finance).
On the picture, Alberto Campo and Marta González Araña.
