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Nordex SE secures funding for continued growth - Guarantee credit facility renewed until 2017 and increased to EUR 550 million

Hamburg - The Nordex Group has signed with its banks a new and substantially optimized syndicated credit facility for bank guarantees. The term, scope and conditions of this guarantee credit facility have been adjusted to meet the Group’s current requirements. Thus, the facility amounts to EUR 550 million and ends on 30 June 2017. \"In this way, we have created the financial basis for funding our expected further growth in the future and the resulting guarantee obligations,\" says Nordex CFO Bernard Schäferbarthold.

Last year, the Group’s sales rose by around 33 percent to EUR 1.4 billion, accompanied by a substantial improvement in operating profit. At the same time, Nordex was able to strengthen its balance sheet due to its stringent working capital management and the successful issue of new equity in November 2013. Says Schäferbarthold: \"The new funding arrangements have in particular been made possible by this favourable performance.\"


Hamburg, 3 March 2014

Publication and Reprint free of charge; please send a voucher copy to Nordex SE.


Attention editorial offices: For further questions please contact Mr. Felix Losada, Nordex SE.

Media contact
Felix Losada
Tel: + 49 (0)40/300 30 1000
Fax: + 49 (0)40/300 30 1333
E-mail: mailto:flosada@nordex-online.com
Internet: http://www.nordex-online.com

Nordex SE
Langenhorner Chaussee 600
22419 Hamburg, Germany




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