GD Towers Secures €7.7 Billion in Europe’s Largest Refinancing Deal
GD Towers has completed a €7.7 billion refinancing deal, marking one of the largest transactions of its kind. The company, jointly owned by Deutsche Telekom, DigitalBridge, and Brookfield Asset Management since 2023, restructured its debt under a new unified financing platform. Legal advice for the complex deal was provided by Clifford Chance, led by partners Simon Reitz and Axel Wittmann.
The refinancing involved consolidating GD Towers’ existing term loans, capital expenditure facilities, and revolving credit lines. A key part of the transaction was a record-breaking private placement of €2.5 billion—the largest euro-denominated private placement to date. Investors from Europe and the U.S. participated in the offering.
The refinancing strengthens GD Towers’ financial position under its current ownership. With €7.7 billion secured and a streamlined debt structure in place, the company is now better positioned for long-term growth. The transaction also sets a benchmark for large-scale euro-denominated private placements.