Wind energy: Senvion SE increases financing framework

Hamburg

This move enables Senvion to secure follow-on financing early for the credit facilities of EUR 750 million agreed in May 2012 for the period up to August 2014.

In total, 14 international banks and credit insurance companies are participating in this financing with a term of three years, syndication of which was significantly oversubscribed. Six new high-profile names with excellent ratings have been secured to the consortium. The financing structure remains largely unchanged and chiefly consists of guarantee facilities.

Marcus A. Wassenberg, CFO of Senvion SE, emphasises the importance of this agreement for the company:

Source: IWR Online, 08 Apr 2014