Paris-headquartered FTTH provider Orange Concessions has closed an E1.29bn (US$1.5bn) refinancing deal to execute projects in rural France. 

The consortium funding Orange Concessions’ expansion plans includes Germany’s NORD/LB, 13 global banks, and four institutional investors, the German lender said in a post on LinkedIn. 

The network operator aims to “provide 4.6 million households in rural communities with ultra-fast fiber connection[s]”, Patrick Daniel, senior director of infrastructure origination at NORD/LB, said in a separate post on LinkedIn. 

While this deal was announced in September 2025, TMT Finance has been reporting on it exclusively for our subscribers since April 2025:

 

Last month, TMT Finance exclusively reported that a Société Générale-led E1.2bn debt refinancing for Orange Concessions had closed with around 15 banks taking tickets. 

Sources told TMT Finance that proceeds raised will be used to refinance existing debt and to fund the continued rollout of fibre across rural France and French overseas territories, as originally reported by TMT Finance in April. 

Two sources said that BBVA, Natixis, and Banco Sabadell participated in the debt raise.  

Crédit Agricole and ING also participated, as TMT Finance reported on 9 July, as well as BNP Paribas, as reported in April. One source in July noted that several existing lenders were expected to stay in the financing.  

The club debt raise was structured with a seven-year tenor, TMT Finance further reported in July.

 

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