D Glasfaser signs €1.8bn but German lending outlook bleak

By Mike Turner
14 Jan 2020

Germany’s Deutsche Glasfaser, a fibre cable company, has almost tripled its bank credit facility up to €1.8bn. But the country’s development bank, KfW, warned that lethargic lending growth will continue in Europe’s biggest economy.

Deutsche Glasfaser signed the facility from 16 banks, which included ABN Amro, ING and KfW, a company spokesperson confirmed. The spokesperson declined to name the others.

This is a big step up in Deutsche Glasfaser’s bank financing. The borrower signed a €650m facility at the start of 2018 which has been almost fully drawn.

The new facility is initially ...

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