in News Departments > FYI
print the content item

Vestas has signed a new five-year revolving credit facility totaling EUR 1 billion - an increase from the EUR 850 million amount originally agreed upon in February.

The facility is now arranged by a group of six banks, rather than four, including Nordea, DNB, HSBC, SEB, Societe Generale and UniCredit. Rothschild acted as financial advisor to the company in relation to the refinancing, and Nordea acted as coordinating bank.

Vestas says it is confident that the new credit facility will form a stable foundation for its strategy of profitable growth. Going forward, the company will continue to assess its debt financing requirements and options across all non-public and public debt markets.




Trachte Inc._id1770
Latest Top Stories

Renewables Make Up Over 50% Of New U.S. Power In First Half Of 2014

According to a recent government report, renewable energy sources, such as wind and solar, continue to dominate new electric generating capacity.


Suzlon Facility Lends Key Assist In Developing 'The Wind Technicians Of Tomorrow'

The turbine manufacturer’s Elgin, Ill.-based training facility is the culmination of a program that puts a new twist on a proven method of instruction.


Having Their Say: CanWEA Clarifies True Source Of Canadian Wind Success

The Canadian Wind Energy Association (CanWEA) takes issue with a recent report summary regarding various renewable energy policies in North America.


FWS Issues Landmark Eagle Take Permit: What Does It Mean For Wind Projects?

The U.S. Fish and Wildlife Service's (FWS) recent decision has far-ranging implications for operating wind farms, as well as for those under development.


'Significant' Opportunity Exists Within Wind Energy's O&M Services Market

An increasing number of wind turbines are nearing the end of their warranty period, creating significant revenue-generating opportunities within the wind turbine operations and maintenance (O&M) sector.

Renewable NRG_id1934