Nordex secures funding for a further five years - credit facility of a total of EUR 1.4 billion

Hamburg - Nordex SE is laying the foundations for the future, having agreed with 14 national and international banking partners on a new syndicated guarantee facility tailored to meet the requirements of its future growth.

With a value of EUR 950 million, the new credit line has a term of five years. “In selecting the syndicate banks, some of which are new, we paid attention to good ratings and the ability to support the Group in its new regional orientation in emerging markets,” explained Chief Financial Officer Bernard Schäferbarthold.

The agreement has been structured in such a way that following the completion of the merger with Acciona Windpower (AWP) it can be widened to include banks covering the Spanish wind turbine manufacturer´s markets, particularly growth markets such as South Africa, Mexico and India. If necessary, the facility can be increased to up to EUR 1.2 billion.

At the same time as the guarantee facility, agreement was also reached on a cash facility of EUR 450 million with a duration of up to 18 months. Pending the finalisation of the long-term funding instrument, this will cover the cash component of the AWP transaction and will also partly be used to repay a corporate bond maturing in April 2016.

In this way, the Nordex Group has passed a further key milestone towards the merger with AWP.

Nordex expects the review by the competition authorities, for which Nordex has submitted all documents with the responsible authorities in five jurisdictions within the requisite period, to be completed in the course of the first quarter of 2016.


About Nordex
As one of the technological leaders in multi-megawatt wind power systems, Nordex is benefiting from the trend in favour of large-scale turbines. The Generation Gamma range comprises the N90/2500, N100/2500 and the N117/2400, which is one of the most efficient series turbines for non-coastal regions. To date, over 3,600 of these turbines have been produced. With Generation Delta, Nordex is now offering the fourth generation of its proven multi-megawatt platform (N100/3300, N117/3000, N131/3000 as well as the N131/3000 for the German market). Nordex, which is celebrating its 30th anniversary this year, has installed more than 6,500 turbines with an aggregate capacity of over 12,000 MW all around the world. With exports accounting for around 70 percent of its business, Nordex SE also plays a key role in international high-growth regions. The Company has offices and subsidiaries in 22 countries around the world The Group currently has around 3,300 employees around the world.


Hamburg, 21 December 2015


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Ralf Peters
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E-mail: rpeters@nordex-online.com

Nordex SE
Langenhorner Chaussee 600
22419 Hamburg
Germany

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