NORD/LB provides €1.4 billion debt refinancing for Lyntia's fiber network expansion in Spain and Portugal
German bank NORD/LB finalized a €1.4 billion ($1.65 billion) senior debt refinancing package for Lyntia, a Spanish wholesale fiber provider operating across the Iberian Peninsula. The seven-year financing includes a term loan and revolving credit facility, replacing existing debt while funding Lyntia's fiber-optic network expansion to meet rising demand for high-capacity connectivity in Spain and Portugal. Lyntia's infrastructure spans over 57,000km of fiber, with international connectivity to Europe via Marseille, positioning it as a critical digital infrastructure player in Iberia. The refinancing coincides with accelerated digital consumption driven by cloud services, AI workloads, and hyperscaler demand for low-latency fiber networks. NORD/LB emphasized Lyntia's role in strengthening Europe's digital economy, with Sean Cook, head of infrastructure origination, stating the bank's commitment to supporting critical infrastructure projects. The transaction reflects broader consolidation trends in connectivity, where long-term financing is essential for capital-intensive infrastructure growth.
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