Siemens Gamesa Secures €2.5B Revolving Credit Facility

Source: www.gulfoilandgas.com 5/30/2018, Location: Europe

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.


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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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