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Vestas signs new five-year revolving credit facility of EUR 1 bln

Monday, 31 Mar 2014 10:57am EDT 

Vestas Wind Systems A/S:Confirms signing and completion of its new five-year unsecured revolving credit facility at a total amount of 1 billion euros.The facility has been increased from the originally agreed total of 850 million euros.The arrangers are six banks comprising Nordea, DNB, HSBC, SEB, Societe Generale and UniCredit.Facility's maturity is five years from the date of signing of the facility documentation on March 31.Says the facility provides for both cash drawings, with a sub-limit of 500 million euros, and issuance of project-related guarantees.The facility is for general corporate purposes. 

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