Nordex Group receives revolving syndicated loan of EUR 350 million
DGAP-News: Nordex SE / Key word(s): Financing Nordex Group receives revolving syndicated loan of EUR 350 million Hamburg, 7 August 2020. The Nordex Group has secured a revolving syndicated loan facility of EUR 350 million within the framework of the federal government’s loan guarantee program with the participation of the states of Mecklenburg-West Pomerania and Hamburg. « With this credit facility, we are soundly protecting the company against the effects on our operating business and remaining uncertainties caused by the COVID 19 pandemic, » says Christoph Burkhard, CFO of the Nordex Group. « A crucial factor in this success is the confidence placed in the Nordex Group by the state guarantors and the banking syndicate in Nordex being a sustainable technology company in the renewable energies sector, a key industry of the 21st century ». Back in May, the Company already communicated its intention to apply for governmental support under the Corona guarantee program as a precautionary measure to reinforce the Company’s means in the face of the crisis. This process has now been successfully completed. The revolving syndicated loan runs until 30 April 2022. 90 percent of the credit line is guaranteed by the Federal Republic of Germany, the city of Hamburg and the state of Mecklenburg-West Pomerania. The banking consortium consists of Banca Bilbao Vizcaya Argentaria S.A., BNP Paribas S.A., Commerzbank Aktiengesellschaft, Crédit Agricole Corporate and Investment Bank, HSBC Trinkaus & Burkhardt AG, Intesa Sanpaolo S.p.A., UniCredit Bank AG, Norddeutsche Landesbank and the Coöperatieve Rabobank U.A. This financing instrument also contains an ESG component and thus fits seamlessly into the sustainable financing structure of the Nordex Group. The Company will provide further details on the transaction with its regular reporting. The Nordex Group – a profile For more information, please contact: 07.08.2020 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | Nordex SE |
Erich-Schlesinger-Straße 50 | |
18059 Rostock | |
Germany | |
Phone: | +49 381 6663 3300 |
Fax: | +49 381 6663 3339 |
E-mail: | info@nordex-online.com |
Internet: | www.nordex-online.com |
ISIN: | DE000A0D6554 |
WKN: | A0D655 |
Indices: | SDAX, TecDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1112459 |
End of News | DGAP News Service |