German telecommunications company Deutsche Glasfaser is seeking to lure investors with better terms in its €1 billion ($1.2 billion) fundraising process, after an initial push to raise common equity fell flat.
The firm, owned by private equity group EQT AB and Canadian pension fund Omers, is aiming to raise about €500 million of preferred equity in the coming weeks to finance its business plan, according to people familiar with the matter, who asked not to be named because they aren’t authorized to talk about it. And the rest will be raised at a later stage, one of the people said, adding that the coupon will likely be in the low teens.
