Havfram signs green term loan to fund wind turbine projects

By Marisa Wong

Los Angeles, Nov. 21 – Havfram signed a senior secured green export credit agency term loan facility to fund its two wind turbine installation vessels currently under construction at CIMC Raffles, according to a press release.

The facility was entered into with a syndicate led by DNB Bank ASA as coordinator, bookrunner, green loan adviser and agent, with SpareBank 1 SR-Bank ASA, Credit Agricole, Sparebanken Vest and Rabobank as mandated lead arrangers and with Export Finance Norway as ECA lender.

The facility is also partly supported by an insurance provided by Atradius Dutch State Business NV, the ECA of the Netherlands.

Havfram is a pure play offshore wind company based in Oslo.

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