Orrick Advises Covage Infra Concessions Holding and Covage Infra Concessions on Their Hybrid Debt Refinancing

1 minute read | October.05.2026

Français: Orrick conseille Covage Infra Concessions Holding et Covage Infra Concessions dans le cadre de leur refinancement

Covage Infra Concessions Holding (CICH) and Covage Infra Concessions (CIC), subsidiaries of the Altitude Group, completed a hybrid refinancing of their respective debts. The refinancing is structured as seven-year bank term loans, comprising both variable-rate and fixed-rate tranches.

Orrick advised CICH and CIC on the public law and project contracts aspects of the transaction.

THE COMPANY

CIC is a major player in the French wholesale telecommunications sector. As a subsidiary of the Altitude Group, CIC provides fiber-to-the-office (FTTO) services to businesses.

THE IMPACT

The proceeds will support the continued development of CIC's FTTO network. CICH's existing debt will be refinanced with Schroders, as well as CIC's debt with several senior lenders.

THE TEAM

The Orrick team is led by Geoffroy Berthon, and includes Adil Kourtih and Selim Ayi.

Related Lawyers

Geoffroy Berthon Partner, Energy & Infrastructure, Infrastructure

Paris

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D:+33 1 5353 7515
E: [email protected]

Practice:

Energy & Infrastructure
Infrastructure
Public Finance

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Geoffroy Berthon Partner

Paris

Geoffroy advises on public contracts, particularly in the context of concessions and PPPs. He has been involved in projects relating to the financing, construction and operation of the Stade Vélodrome in Marseille; the Sud Europe Atlantique high-speed line; the Athletes' Village for the Paris 2024 Olympic Games; the Grand Paris Express and the offshore extension of the Principality of Monaco. He has also worked on several French highway (A412, A69, RCEA, A88, A41, A150), port (Calais, Cannes) and airport projects (Nice, Lyon, Beauvais).

In the renewables field, he acts alongside the French government (Ministry of Energy Transition) in calls for tenders for the construction of offshore wind farms, including floating wind turbines, and advises operators in the realization of biomass and geothermal projects, as well as investors in the context of "M&A" operations concerning wind and solar assets and methanization. He also has experience in hydroelectricity matters. He advises both sponsors and lenders and works regularly with public entities and governments. He also advises on the drafting and negotiation of corporate PPAs, acting for both energy producers and buyers.

Geoffroy Berthon is recognized by clients as "talented, dynamic and brilliant lawyer. He is a hard worker. His calm manner and attentiveness reassure as a client" (Legal 500) and as a Leading Partner by Legal 500 (EMEA 2025) in public law and energy.

Geoffroy holds a doctorate in public law, was a lecturer in public contract law at Sciences Po, and frequently published in both English and French.

Related Areas

Energy & Infrastructure

Markets

France