REpower refreshes debut loan, increases bank debt to €750m
REpower Systems, the German wind turbine manufacturer and subsidiary of India’s Suzlon Energy, has completed €750m of new bank facilities through mandated lead arrangers and bookrunners BayernLB, Commerzbank and Deutsche Bank.
The €725m multicurrency loan guarantee facility and the €25m credit facility, both of which have a 2-1/2 year tenor, were signed on Wednesday. They refinance a €600m loan — the borrower’s debut syndicated transaction — that was due to mature in May this year.
Alongside the three lead
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