Orrick Advises Lenders in €300 Million Financing of High-Speed Internet Network in France

July.16.2018

Orrick’s Paris team advised a pool of lenders, including Arkéa Banque Entreprises et Institutionnels, BNP Paribas, Caisse d’Épargne et de Prévoyance de Midi-Pyrénées, Caisse d’Épargne et de Prévoyance de Midi-Pyrénées, Crédit Foncier de France, la Banque Postale and Société Générale, in the €300 million financing of a public service delegation contract for the rollout of a high-speed Internet network in the region of Haute-Garonne, France. This project will connect 547 towns and 500.000 people to a very high-speed network by 2022.

Near 280,000 high-speed connections should be put in place thanks to this project (not including the connections put in place for the delegatee and backed on by the French state).

The licensor is the “Syndicat Mixte Haute-Garonne Numérique.” The consortium is composed by Altitude Infrastructures, Marguerite and the Caisse des Dépôts.

Orrick’s team included Amaury de Feydeau, Paul Loisel and Tsveta Pencheva for the banking aspects and Jean-Luc Champy, Geoffroy Berthon and Quirec de Kersauson for the public law aspects.