Deutsche Glasfaser Seeks Bank Talks as Plan to Raise Cash Fails

Deutsche Glasfaser Holding GmbH and its private equity owners are turning to the lenders of the German fiber company to overhaul its debt structure after its plan to raise €500 million ($578 million) in preferred equity has so far led nowhere.

Buyout firm EQT AB and Canadian pension fund OMERS are set to meet banks to give them an update on the company’s circumstances, people familiar with the situation said, speaking on the condition of anonymity. Deutsche Glasfaser plans to negotiate with lenders to come up with a proposal for overhauling its debt structure and financing its business plan over ...