Vestas extends maturity on revolving credit facility
(WK-intern) – (WK-intern) – Vestas Wind Systems A/S has signed an extended and amended EUR 1.150bn revolving credit facility extending Vestas’ debt maturity profile at favorable pricing and terms.
The EUR 1.150bn revolving credit facility refinances Vestas’ existing EUR 1.050bn facility from 3 June 2015.
The facility is available for loans as well as project-related guarantees with a sub-limit for loans of up to EUR 550m. The facility has a five-year duration with an option, at the lenders’ discretion, to extend the maturity for up to two additional years (5+1+1).
Hans Martin Smith, Head of Group Treasury & Investor Relations, said “By continuing to develop our solid banking relations, we strengthen our financial capabilities, underpin our global reach and support our position as a global leader in sustainable energy solutions.”
The facility is arranged by Nordea, Citigroup, DNB, HSBC, SEB, Unicredit, Santander and Société Générale.
PR: Vestas Wind Systems A/S, Aarhus, Denmark
Anders Runevad, President and CEO / Vestas