DELTA Fiber expands debt financing facility

23 December 2022

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Following the announcement of its sustainability-linked loan agreement in September, DELTA Fiber expanded this loan facility by EUR 400 mln to EUR 1,850 mln. This expansion further enables DELTA Fiber to continue with the roll-out of its fiber network in line with its ambition to reach 2 mln houses passed by 2025.

"This funding round was significantly oversubscribed, with interest from current and new lenders. Among the new lenders we see several institutional investors. This is a clear sign of confidence in our strategy," says Huib Costermans, CFO of DELTA Fiber. "The conditions are broadly in line with the loan agreement mentioned before, also from an Environmental, Social, and Governance perspective: The higher DELTA Fiber performs in terms of ‘ESG’, the lower the interest it pays. We are pleased to see that current and new lenders believe in our strategy, and we look forward to further execute it in the years to come.”

About DELTA Fiber

DELTA Fiber is one of the fastest growing optical fibre companies in the Netherlands. The network of DELTA Fiber already reaches over 1.2 million households and businesses and this number grows by 8,000 optical fibre connections per week. DELTA Fiber has the ambition to provide fast internet access to as many households and businesses as possible and to grow to 2 million connections in 2025. DELTA Fiber is owned by investment companies EQT and Stonepeak. Under its brands DELTA and Caiway, the company offers internet with gigabit speeds, interactive TV and fixed and mobile telephony to both consumers and businesses. DELTA Fiber employs over 1,200 people.