Vestas Wind Systems A/S has signed a new € 1.3 billion revolving credit facility. The new facility is a five-year facility with an option to extend it for up to another two years (5+1+1).
Nine international banks participated in the transaction with Commerzbank AG and DnB NOR Bank ASA as joint Co-ordinators and Bookrunners. The facility is for general corporate purposes and will be replacing an existing syndicated facility maturing in June 2012. As part of the strengthening of the financial competencies, Vestas’ Group Treasury department will relocate to Zurich, Switzerland.
Nine international banks participated in the transaction with Commerzbank AG and DnB NOR Bank ASA as joint Co-ordinators and Bookrunners. The facility is for general corporate purposes and will be replacing an existing syndicated facility maturing in June 2012. As part of the strengthening of the financial competencies, Vestas’ Group Treasury department will relocate to Zurich, Switzerland.