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EUR 1.21 billion guarantee credit facility tied to ESG criteria
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International banking syndicate comprising 21 banks and insurances
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Two one-year renewal options
Hamburg, 27 April 2020. The Nordex Group refinanced successfully its guarantee credit facility of EUR 1.21 billion for three years until April 2023. The guarantee facility provided by an international banking syndicate allows the Nordex Group to secure its project business with customers with bank guarantees in the respective main currencies.
“Given the difficult market environment, this refinancing is an extraordinary success which we owe to our partner banks, who have made this possible by showing their confidence in Nordex and their untiring support,” says Christoph Burkhard, CFO of the Nordex Group.
Comprising 21 national and international banks and insurances, the banking syndicate led by Banca IMI (Intesa Sanpaolo Group), BNP Paribas, Commerzbank, HSBC and UniCredit Bank has a strong foundation. In view of the continuing positive order intake trend and the Group’s numerous international projects, this guarantee facility is of great importance for Nordex. The facility is unsecured and also includes an ancillary facility of EUR 100 million, which can be used to draw on bilateral bank loans or guarantees.
