Open Infra secures SEK 3.6bn refinancing for bonds and expansion
The company uses proceeds to repay existing senior secured bonds and fund new fiber network installations in Sweden and Germany.
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Fiber-optic network infrastructure provider
openinfra.comLast updated
In short: Open Infra secured SEK 3.6bn refinancing, reported revenue growth, and tightened fiber project quality.
The company uses proceeds to repay existing senior secured bonds and fund new fiber network installations in Sweden and Germany.
The company hired DNB Markets to review its capital structure and optimize debt costs ahead of potential bond refinancing in the third quarter.
The court found the previous terms unfair, which confirms Open Infra's changed policy from May 2022 on free termination.
The company mandates DNB Markets to arrange meetings for up to SEK 400m in senior secured bonds. Net proceeds will finance the Open Infra Core 2022 acquisition. Network revenue increased 126% year-over-year.
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