Danish offshore wind set up providers firm Cadeler mentioned Monday it had entered into an unsecured inexperienced mortgage facility with HSBC.
The objective of the mortgage facility is, amongst others, to fund Cadeler’s development of the X-class and F-class newbuild vessels and the improve of the prevailing O-class vessels with new cranes.
The financing features a non-committed accordion possibility of as much as EUR 50 million.
Cadeler entered into an unsecured inexperienced time period mortgage facility in an mixture quantity of EUR 50 million (tenor of as much as 5 years) with The Hongkong and Shanghai Banking Corporation Limited, Singapore department (“HSBC”).
Mikkel Gleerup, CEO of Cadeler, mentioned: “With Cadeler’s strategic position in the market, we are well placed to meet the increasing global demands and to execute the largest and most complex offshore wind installation projects.”.
Christina Ma, head of Global Banking Asia Pacific, HSBC mentioned: “This green loan showcases HSBC’s ability to arrange tailored solutions for clients. We’re pleased to partner with Cadeler as the Sole Mandated Lead Arranger, Green Loan Coordinator, and Facility Agent.”
