International law firm Clifford Chance advised Lumos (owned by EQT Infrastructure) on first project finance-style fiber-to-the-home (FTTH) infrastructure financing in the US for an existing and integrated FTTH platform, and the first US FTTH sustainability-linked financing.
Lumos is a leading US FTTH provider which provides 100% Fiber Optic Internet, whole-Home Wi-Fi, voice, and streaming services to more than 250,000 homes and businesses across North Carolina, Virginia and South Carolina. The loans will fund Lumos’ ambitious fiber roll-out plans and refinance existing indebtedness.
The cross-border Clifford Chance team was led by Global Financial Markets partners Taner Hassan (London), Thomas Critchley (London/New York) and Andrew Young (New York), with support from senior associates Silvia Menendez and Will Goulbourne, associates Aram Valesyan and Boma George, and trainee Sophia Ramaer (all London) and associates Thomas McGowan and Xiaowen Zou (both New York). The cross-border team also included partner Avrohom Gelber (Tax, New York) and associate Caroline Belanger (Tax, Washington), partner Darren Littlejohn (Derivatives and Structured Products, New York) and partner Will Winterton and senior associate Brij Patel (Derivatives and Structured Products, London).