Vestas agrees 900 million euros loan deal with banks
COPENHAGEN (Reuters) - Ailing Danish wind turbine manufacturer Vestas (VWS.CO) on Monday said its banks have offered a 900 million euros loan facility which would eliminate the need for an equity issue, sending its shares jumping.
The company said the facility consisted of a 250 million euros amortizing term loan and a 650 million euros revolving credit facility.
Vestas shares jumped 15.8 percent at 0529 EDT against a declining Copenhagen stock exchange benchmark index .OMXC20.
(Reporting by Mette Fraende; Editing by Hans-Juergen Peters)
DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.