Vestas signed and completed a new five-year revolving credit facility on 31 March 2014 at a total amount of EUR 1bn. The facility has been successfully increased from the originally agreed total of EUR 850m and is now arranged by a group of six banks comprising of Nordea, DNB, HSBC, SEB, Société Générale and UniCredit.
Vestas confirms that the credit facility has been raised on attractive terms that reflect the improved credit profile of Vestas and will provide a stable, long-term financing platform that adequately supports Vestas’ objective of profitable growth.
Key commercial terms attached to the facility include, inter alia:
Press Release, April 01, 2014; Image: vestas