euNetworks gets €125 million term loan A and €50 million revolver

By Angela McDaniels

Tacoma, Wash., March 27 – euNetworks Holdings Ltd. entered into €175 million of senior secured credit facilities consisting of a €125 million term loan A and a €50 million revolving credit facility, according to a news release from ING Bank.

The termination dates of both loans are March 13, 2022.

Other terms of the transaction are undisclosed.

ING Bank acted as coordinator and lead arranger. Barclays Bank, BNP Paribas Fortis, NIBC Bank, Royal Bank of Canada and SEB were also lead arrangers. Barclays Bank is acting as facility and security agent.

The transaction was an amendment and restatement of euNetworks’ existing €105 million senior secured credit facilities from 2014. BNP Paribas Fortis, NIBC Bank and SEB joined as new lenders.

ING Bank said that the new facilities were strongly oversubscribed and that all the banks were downscaled.

euNetworks is a fiber-optic network operator based in London.

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