FLAG, one of the world’s largest privately owned subsea cable networks, secures $340m refinancing to support future growth
Key points:
- refinancing of all FLAG’s debt facilities
- lending group consists of Apterra, Barclays, CIBC, DNB, HSBC, NAB and NatWest
- advised by NatWest advisory
Commenting on the deal, Carl Grivner CEO of FLAG, said:
“This refinancing provides FLAG with a strong foundation to achieve our future growth ambitions and meet evolving market demands.
We are upgrading and expanding our network to stay at the forefront of technological developments, prioritising investments across more geographies through subsea, edge data centres & cable landing stations, whilst developing our technology solutions to create customer-tailored propositions.
“We’re delighted to continue our relationship with Barclays, DNB, HSBC, NAB and NatWest and to welcome CIBC and Apterra to our lending group.”
For further information, please contact:
Carl Grivner, FLAG CEO, cgrivner@flagtel.com
About FLAG
FLAG offers network & infrastructure services that power digital transformation for enterprises, content providers and telecoms carriers. We cover all aspects of connectivity that include, large capacity, IP, low latency & resiliency requirements. With a pedigree going back 30+ years, FLAG are experts in global connectivity with presence across Europe, the Middle East, Asia and North America via our vast subsea & terrestrial networks. FLAG also complements this with infrastructure solutions such as edge datacentre and cable landing services. FLAG is one of the world’s largest privately owned submarine cable networks.
To learn more about FLAG, find us at our website: http://www.flagtel.com or follow us on LinkedIn at https://www.linkedin.com/company/flagtel