Siemens Gamesa: syndicated loan conditions improve
(CercleFinance.com) - Siemens Gamesa has strengthened its long-term funding structure by improving the conditions of its main financing facility, incorporating sustainability criteria, the industrial group said on Thursday.
The Spanish-based wind turbine maker said it has extended the maturity of its 2.5 billion euro syndicated facility, agreed in 2018 with various domestic and international banks, with a 500 million euro loan maturing in 2022 and a 2 billion euro, multi-currency, revolving credit facility, maturing in 2024.
The funds will be used to finance recurring activity, which is now covered for the next five years, it added.
Interestingly enough, the company has decided to include environmental, social and corporate governance (ESG) criteria, in line with its new green financing strategy.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The Spanish-based wind turbine maker said it has extended the maturity of its 2.5 billion euro syndicated facility, agreed in 2018 with various domestic and international banks, with a 500 million euro loan maturing in 2022 and a 2 billion euro, multi-currency, revolving credit facility, maturing in 2024.
The funds will be used to finance recurring activity, which is now covered for the next five years, it added.
Interestingly enough, the company has decided to include environmental, social and corporate governance (ESG) criteria, in line with its new green financing strategy.
Copyright (c) 2019 CercleFinance.com. All rights reserved.