Orange announces the signing of a €1.3 billion financing agreement with CaixaBank and BNP Paribas, intended for the acquisition of Scorefit

Orange has engaged in discussions with its banking partners to finance the exercise of its option to acquire Scorefit shares for a total of €1.3 billion. Scorefit is fully owned by a BNP Paribas subsidiary and possesses fiber access purchased on the wholesale market in France for Orange.

In this context, and to optimize its cost of capital, Orange announces the signing of a 5-year financing agreement for a total of €1.3 billion with CaixaBank and BNP Paribas under very attractive financial conditions.

The acquisition of Scorefit thus simplifies the Group’s financial structure with a positive value effect.

These operations are part of the implementation of the efficiency plan and the financial trajectory of the copper-to-fiber transition presented at the Capital Markets Day, and they help strengthen Orange’s financial flexibility.