Nordex signs state-backed loan for Covid-19 support

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By Silas Brown
10 Aug 2020

Nordex has signed a €350m revolving credit facility, guaranteed by the German state, to help the wind turbine manufactuer through the coronavirus pandemic. Elsewhere in Germany, Tele Columbus refreshed its loan support.

The €350m revolver expires in April 2022, and is 90% guaranteed by the Federal Republic of Germany, the city of Hamburg  and the state of Mecklenburg-West Pomerania. The syndicate is made up of BBVA, BNP Paribas, Commerzbank, Crédit Agricole, HSBC, Intesa Sanpaolo, NordLB, Rabobank and UniCredit.

“With this ...

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