CityFibre Revisiting the CityFibre debt syndication
In June 2022, CityFibre secured a £4.9bn debt package comprising committed facilities of £3.9bn and an accordion facility of £1.0bn. Initial attempts to syndicate the debt were unsuccessful, allowing the underwriters to re-price (‘flex’) the debt in January 2023. We understand that subsequent attempts to syndicate the debt have also been unsuccessful, leaving the underwriters with £4.9bn of CityFibre debt sitting on their books.TalkPool AG is a Switzerland-based company that designs, implements and maintains mobile and fixed-line telecommunication networks, as well as networks and product solutions for the Internet of Things (IoT). It delivers a comprehensive range of network design, engineering, implementation and managed services designs for telecommunications operators, system vendors and contractors. The Company also develops monitoring systems in buildings with real time applications for building owners and occupants. It operates in approximately 15 countries, such as Switzerland, Germany, Sweden, the United States, Mexico, Haiti, Kenya, Tanzania, Zimbabwe, Uganda, Mauritius, Zambia, Botswana, Pakistan and Saudi Arabia. The Company operates through a global partnership of joint ventures and franchises.
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New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:
- Pan European Telecom Services and Cable
- US Telecoms, Cable, Satellite and Towers
- Global Emerging Market Telecoms
- Japan Telecoms
- Asian Internet
- Pan European Healthcare
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We provide debt research on:
- Pan European Telecom Services and Cable
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