DIF Capital Partners has announced that its portfolio company, ruhrfibre, secured senior debt financing to support the expansion of a large-scale fiber network in Essen, Germany.
The project, backed by DIF's investment, aims to connect about 150,000 households and contribute to Essen's transformation into a smart city. The financing package includes EUR120 million in senior loans from lenders like ING, Kommunalkredit Austria, and SEB, with an option to expand by EUR40 million. This green loan aligns with DIF's commitment to sustainable infrastructure. The project is making progress, with construction underway in initial roll-out areas.