2018-07-22
http://w3.windfair.net/wind-energy/pr/28403-siemens-gamesa-transaction-money-credit-facility

News Release from Siemens Gamesa Renewable Energy

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Siemens Gamesa secures €2.5 billion multi-currency term and revolving credit facility

The transaction has been signed with a syndication of international financial entities and will expire in 2023

Image: Siemens GamesaImage: Siemens Gamesa

Siemens Gamesa Renewable Energy has signed a €2.5 billion multi-currency term and revolving credit facility, enhancing its long-term financial structure.

The facility was signed with a syndication of international financial entities and replaces the company’s €750 million credit facility signed in 2017 and will serve for general corporate purposes and to refinance existing outstanding debt.

The financing comprises a €2 billion revolving facility –maturing in 2023 with two one-year extension options- and €500 million term facility –maturing in 2021.

The transaction has been very successful, having attracted close to €3.8 billion subscription offers from financial entities.

Source:
Siemens Gamesa
Author:
Press Office
Link:
www.siemensgamesa.com/...
Keywords:
Siemens Gamesa, transaction, money, credit facility



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