Allen & Overy advises IFT on the implementation of a refinancing exceeding EUR3 billion to pursue its fiber optic co-financing strategy in France
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Allen & Overy has advised IFT, an operator and provider of FttH lines, in the context of the strategic partnership between Iliad, Free, and Infravia Capital Partners dedicated to the refinancing of the acquisition and commercialization of Irrevocable Rights of Use (IRU) in France.
IFT has finalised its bank and bond refinancing for a total amount of EUR3.150 billion.
This confirms once again, following the initial financing in 2020, the support of bank and bond lenders to accompany IFT and its shareholders, Iliad and InfraVia, in their efforts to develop Fiber-to-the-Home (FttH) networks in Private Initiative Zones (AMII) and Public Initiative Zones (RIP).
Since its launch in March 2020, IFT co-financed over 80 FttH networks and enabled the connection of nearly 4 million customers to fiber.
The Allen & Overy team was led from Paris by partner Driss Bererhi, counsel Tzvétomira Pacheva-Belghitar, senior associate Dorian Le, associate Wendy Au and associate Anas Benmalek.
The team also included partner Hervé Ekué and senior associate Nadège Debeney, partner Mathieu Vignon and senior associate Virginie Chatté.