EuropeWind

Nordex refinances its credit facility

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The Nordex Group successfully refinanced its EUR 1.21 billion guarantee credit facility for three years until April 2023.

The guarantee facility offered by an international banking syndicate enables Nordex Group to protect its project business with customers in the respective main currencies providing bank guarantees.

“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.”

Christoph Burkhard, CFO Nordex Group.

This guarantee facility has been accredited as sustainable after ISS Oekom, a leading global supplier of sustainability analyzes, issued a B rating under ESG criteria.

That means that in addition to the “green” promissory note and the Green Bond, the Nordex Group now has a further sustainable financing instrument in place.

The guarantee facility has a three-year initial tenor and is expected to mature in April 2023. The facility has the option to be extended twice for another year each time, but that requires prior approval by lenders.

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