Nordex SE: Nordex Group refinances successfully its guarantee credit facility for three years

DGAP-News: Nordex SE / Key word(s): Financing
27.04.2020 / 07:30
The issuer is solely responsible for the content of this announcement.

PRESS RELEASE

Nordex Group refinances successfully its guarantee credit facility for three years

EUR 1.21 billion guarantee credit facility tied to ESG criteria

– International banking syndicate comprising 21 banks and insurances

– 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.

This guarantee facility has been certified as sustainable after having received a B rating under ESG criteria by ISS Oekom, a leading global provider of sustainability analyses. This means that the Nordex Group now has a further sustainable financing instrument in place in addition to the “green” promissory note and the Green Bond.

The guarantee facility has an initial tenor of three years and is scheduled to mature in April 2023. The facility includes the option of extending it twice for another year each time, but requesting prior approval by lenders.

About the Nordex Group
The Group has installed more than 28 GW of wind power capacity in over 40 markets and generated sales of around EUR 3.3 billion in 2019. The company currently has more than 6,800 employees. The Group’s manufacturing network includes factories in Germany, Spain, Brazil, the USA, India, Argentina and Mexico. The product portfolio is focused on onshore turbines in the 2.4 to 5.X MW class which are designed to meet the market requirements of countries with limited available space and regions with limited grid capacity.

Contact for inquiries:

Nordex SE
Felix Losada
Phone: +49 (0)40 / 300 30 – 1141
flosada@nordex-online.com

Investor contact:
Nordex SE
Felix Zander
Phone: +49 (0)40 / 300 30 – 1116
fzander@nordex-online.com


27.04.2020 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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THE NORDEX GROUP

The Nordex Group

The Group has installed more than 29 GW of wind energy capacity in over 40 markets and in 2019 generated revenues of EUR 3.3 billion. The company currently employs a workforce of approx. 7,900. The joint manufacturing capacity includes factories in Germany, Spain, Brazil, the United States, India, Argentina and Mexico. The product portfolio is focused on onshore turbines in the 2.4 to 5.X MW class, which are tailor-made for the market requirements in countries with limited space and regions with limited grid capacity.

Contacts

Press contact

Felix Losada

p: +49-40-30030-1141
mail: flosada@nordex-online.com

IR contact

Felix Zander
p: +49 (40) 30030 1116
m: +49 (1520) 9024029
mail: fzander@nordex-online.com

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