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.
