Cadeler signs €550 million senior secured green loans

By Marisa Wong

Los Angeles, Dec. 8 – Cadeler A/S announced it signed €550 million of senior secured green loan facilities.

Cadeler entered into the loan facilities with a group of banks led by DNB and supported by Rabobank, Credit Agricole, Danske Bank, Oversea-Chinese Banking Corp., Standard Chartered Bank and Societe Generale, according to a press release.

The purpose of the facilities is to refinance existing vessels in Cadeler and Eneti Inc. ahead of the contemplated business combination between the two companies, to finance crane upgrades of Cadeler’s two existing vessels and to fund general corporate and working capital purposes.

Cadeler is a Copenhagen-based supplier within the offshore wind industry for installation services and marine and engineering operations.

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