Assured Guaranty (Europe) SA (AGE), a subsidiary of Assured Guaranty Ltd., has guaranteed the principal and interest on €75 million in notes issued by XpFibre Groupe on 30 April 2025.
The proceeds from the issuance are being used to refinance existing debt. This marks AGE’s first involvement in the European fibre infrastructure space.
The transaction involved 13-year senior secured fixed-rate notes, which were backed by AGE and funded by a single institutional investor based in the United States.
Raphaël de Tapol, Directeur Général of AGE, said: “We are very pleased to have closed this transaction for XpFibre Groupe, the largest independent Fibre-to-the-Home operator in France.
“This transaction shows the value of our financial guarantee for borrowers looking to issue long-term debt more cost-effectively. This is our first primary financial guarantee in the French infrastructure space since we opened our Paris office in 2019 and represents a key milestone in our strategy to strengthen our presence in continental Europe.”
Yannick Kouam, Director, Infrastructure Finance of AGE, added: “The closing of this transaction marks our first execution in the European fibre sector.
“We expect to become more active in this sector in the years to come, both in the primary markets where financing needs are very large and in the secondary markets as more financial institutions are looking for ways to manage their portfolio exposure and lend in a more capital-efficient way.”
