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The company’s existing syndicated loan has been increased to this end. It has a term of five years with two options to extend the loan by a further year each time. The funds are available to the company in the form of a capex loan and a revolving credit .
Michael Elsner from BayernLB’s Corporate Finance Division: “We appreciate the confidence GasLINE has placed in us. Our customer has once again mandated us as documentation agent for this transaction. This underscores our positive business relationship and our commitment to supporting growth in future-oriented sectors.”
GasLINE was founded in 1996 by several wholesale gas distributors and regional gas companies to provide comprehensive fibre-optic infrastructure services throughout Germany via a joint organisation. In today’s German telecommunications market, GasLINE is one of the leading operators of a nationwide fibre optic network connected to numerous national and international networks. As such, GasLINE provides infrastructure services for the networks of carriers, internet service providers, media/content providers, municipal utilities, municipalities and companies. Since 2017, GasLINE has been pursuing an investment campaign to purposefully expand its network. This includes connecting municipalities to the broadband network and expanding mobile operators’ 5G networks.