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Senvion SE has signed an agreement in late March with a consortium of banks headed by BayernLB, Commerzbank Aktiengesellschaft and Deutsche Bank AG for a syndicated loan of € 850 million.
This move enables Senvion to secure follow-on financing early for the credit facilities of € 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, The financing structure remains largely unchanged and chiefly consists of guarantee facilities.