GlobalConnect completes first mortgage financing of utilities infrastructure

Plesner has acted for GlobalConnect A/S in connection with the completion of a DKK 1.2bn mortgage financing of the Danish part of the company's fiber network; the mortgage financing is provided by Nordea, Nykredit and Realkredit Danmark.

The transaction is the first of its kind to utilise the possibility of mortgage financing utilities infrastructure which came into force on 1 January 2017. 

The new regime provides a solid legal framework for financing by mortgage lending institutions of tele-, energy- and water utilities companies' infrastructure.

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