Wolf Theiss advises GD Towers on EUR 7.7 billion refinancing

Vienna, 11 December 2025 – Wolf Theiss has advised GD Towers on the Austrian aspects of its EUR 7.7 billion refinancing. The transaction involved the establishment of a new common terms financing platform, under which GD Towers’ existing EUR 5.2 billion term, capex and revolving facilities will be provided, as well as a EUR 2.5 billion private placement issued to European and US investors.

This was one of the largest private placements of its kind in Europe.

GD Towers is a leading European provider of passive infrastructure, owning and operating more than 40,000 mobile tower sites across Germany and Austria. Its refinancing marks a key step in the continued development and long-term financing of critical telecommunications infrastructure.

The transaction highlights Wolf Theiss’ Austrian leveraged and infrastructure finance capabilities, supporting complex, cross-border projects under tight timelines.

The Wolf Theiss team was led by Andreas Schmid and Marika Lomashvili and further included Eva Stadler, Alexander Quendler, Philipp Richter, Maggie Gong and Iris Erlacher.