Macquarie Asset Management has participated in a €1.4bn senior debt financing for Iberian telecommunications infrastructure operator Lyntia.
Macquarie has provided €125m as part of the overall financing package, which will allow Lyntia to refinance its existing debt and is designed to support continued growth. Other lenders include German bank Nord/LB.
Spanish operator Lyntia is backed by BNP Paribas Asset Managers Alts, Swiss Life Asset Managers and infrastructure fund manager Morrison.The financing extends Lyntia’s debt maturity profile to between seven and 12 years.
Andy Liu, SVP at Macquarie Asset Management, said: “Drawing on our deep institutional experience in the digital infrastructure sector, we are pleased to support Lyntia through this long-term financing package. The transaction showcases our strong sector and structuring capabilities and delivers a positive outcome for our clients seeking greater exposure in the sector.”
Sean Cook, head of infrastructure origination at Nord/LB, said: “We are pleased to support Lyntia and its sponsors in securing this important refinancing.
“Lyntia plays an important role in Spain’s digital infrastructure, and this refinancing gives the business the long-term funding it needs to meet sustained demand for high-quality fibre connectivity across Iberia. Nord/LB is committed to supporting critical infrastructure that drives forward Europe’s digital economy.”
Victor Pons, CFO of Lyntia, said: “We are very grateful for the strong support received from both our lenders and shareholders, including BNP Paribas Asset Management Alts, Swiss Life Asset Managers and Morrison, throughout this process.
“This refinancing provides us with a solid foundation and the flexibility needed to continue advancing our strategic objectives and long-term development.”
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