Vestas Wind Systems A/S has signed a new EUR 1.050bn revolving credit facility, available for loans as well as project-related guarantees (sub-limit for loans of up to EUR 500m).
The new facility has a five-year duration with an option to extend the maturity for up to two additional years. The facility refinances the existing EUR 1.000bn revolving credit facility dated 31 March 2014 and enables Vestas to extend the company’s debt maturity profile at favourable pricing and terms.
The facility was arranged by seven banks comprising Nordea, HSBC, SEB, DNB, Unicredit, Société Générale, and Citigroup.