
知情人士透露,英国光纤公司基础设施控股有限公司(Infrastructure Holdings Ltd.)已要求银行减记部分20亿英镑(约合27亿美元)贷款,并提供新资金用于收购,以求渡过难关。
Infrastructure Holdings Ltd. has asked banks to write down part of a £2 billion ($2.7 billion) loan and to provide new money for acquisitions as the UK fiber company seeks to stay afloat, according to people familiar with the matter.
知情人士称,CityFibre的所有者本周早些时候与其债权人会面,CityFibre是英国电信集团(BT Group Plc)旗下Openreach的最大独立光纤竞争对手。知情人士要求不具名,因为该信息尚未公开。
The owners of CityFibre, the biggest independent fiber competitor to incumbent BT Group Plc’s Openreach, met with its creditors earlier this week, the people said, asking not to be identified as the information isn’t public.
根据彭博新闻社(Bloomberg News)审阅的一份演示文稿,该公司要求银行对约20亿英镑的贷款进行部分减记,以换取股权。文件显示,该公司还希望对该贷款剩余部分采取以额外债务而非现金支付利息的选项。
The company has asked banks to take a partial writedown on an approximately £2 billion loan in exchange for an equity stake, according to a presentation viewed by Bloomberg News. It also wants the option to pay interest with additional debt, rather than cash, for the remaining portion of that loan, according to the documents.
演示文稿显示,根据该提案,该剩余贷款的一部分将留在运营公司,而另一部分将转移至控股公司。CityFibre拒绝置评。
Under the proposal, part of that remaining loan would stay at the operating company, while another portion would move to the holding company, according to the presentation. CityFibre declined to comment.
彭博新闻社7月报道称,达成与贷款人的协议是CityFibre利益相关方(包括高盛集团(Goldman Sachs Group Inc.)、安汀基础设施合伙人(Antin Infrastructure Partners SA)、穆巴达拉投资公司(Mubadala Investment Co.)和Interogo Holding)向公司再注资9亿英镑以资助扩张和交易的条件之一。
Coming to an agreement with lenders is a condition for CityFibre’s stakeholders, including Goldman Sachs Group Inc., Antin Infrastructure Partners SA, Mubadala Investment Co. and Interogo Holding to inject a further £900 million into the company to fund expansion and deals, Bloomberg News reported in July.
高盛、安汀基础设施合伙人和穆巴达拉的一名代表拒绝置评。Interogo未立即回应置评请求。
A representative for Goldman Sachs, Antin Infrastructure Partners, and Mubadala declined to comment. Interogo did not immediately respond to a request for comment.
知情人士称,所有者将把新资金作为股东贷款注入CityFibre的控股公司,该贷款在偿还顺序上与转移的约20亿英镑贷款部分处于同等地位。
The owners would plug the new money into CityFibre’s holding company as a shareholder loan, which would rank equally in the line of repayment with the shifted portion of the approximately £2 billion loan, the people said.
替代网络在2010年代兴起,以填补Openreach光纤宽带网络的空白,但由于在建设方面进行激进投资,许多替代网络如今负债累累。英国宽带市场竞争激烈,固定无线和移动宽带的出现进一步加剧了竞争,替代网络必须通过合并来扩大客户群并创造收入。
Alt-nets sprang up through the 2010s to fill gaps in Openreach’s fiber broadband network, but many are now heavily indebted after aggressively investing in buildouts. The UK broadband market is fiercely competitive, exacerbated by fixed wireless and mobile broadband, and alt-nets must merge to expand their customer base and generate revenue.
据知情人士透露,CityFibre首席执行官Simon Holden向投资者表示,光纤同行Netomnia Ltd.是该公司首选的收购目标,以提升其在英国的网络覆盖范围。他表示,他正在权衡在今年年底前提出新的报价。
CityFibre Chief Executive Officer Simon Holden told investors that fiber peer Netomnia Ltd. is the company’s preferred acquisition target to boost its UK network footprint, the people said. He said he’s weighing a renewed offer before the end of the year, according to the people.
该公司去年在Netomnia的拍卖中败给了竞争对手Nexfibre,但后者提出的20亿英镑交易因英国竞争与市场管理局的初步调查结果而面临风险。Netomnia未能立即回应置评请求。
The company lost out on an auction for Netomnia last year to rival Nexfibre, but the latter’s proposed £2 billion deal is at risk after initial findings by the UK’s Competition and Markets Authority. Netomnia did not immediately respond to a request for comment.
知情人士表示,其他潜在的收购目标包括同为替代网络的Community Fibre Ltd.和Hyperoptic Ltd.,他们表示这些交易并非互斥。
Other potential acquisition targets include fellow alt-nets Community Fibre Ltd. and Hyperoptic Ltd., said the people. None of these deals are mutually exclusive, they said.
Community Fibre拒绝置评。Hyperoptic未能立即回应置评请求。
Community Fibre declined to comment. Hyperoptic did not immediately respond to a request for comment.
支持替代网络的私募股权投资者和债权人正在利率上升的背景下推动交易。CityFibre面临着与贷款人和潜在收购目标达成协议的压力,否则可能在明年就面临债权人接管。
Private equity investors and creditors backing alt-nets are pushing for deals amid rising interest rates. CityFibre is under pressure to strike agreements with lenders and potential acquisition targets, or face creditors taking the keys as soon as next year.
据该公司的演示文稿显示,CityFibre的债务负担阻碍了其早期的收购。
CityFibre’s debt pile has hindered earlier acquisitions, according to the presentation.
据其持股公司上周提交的文件显示,该公司在2025年底拥有约38.1亿英镑的银行贷款,该笔款项将于2029年6月到期。
The company had around £3.81 billion of bank loans at the end of 2025, according to a filing from its holding company last week. That money is due in June 2029.
根据该文件,该集团税前净亏损从上一时期的3.6亿英镑扩大至本年的5.45亿英镑。
The group’s net loss before tax widened to £545 million for the year from a loss of £360 million in the prior period, according to the filing.