Loan & DebtJul 13, 2026, 07:07 AM
Cadeler Secures EUR 247M Green Loan for Wind Apex Vessel
AI Summary
Cadeler A/S has secured a EUR 247 million EIFO-backed senior secured green term loan facility. This 12-year financing will partially fund the construction of its third A-class offshore wind installation vessel, Wind Apex, which is expected to be delivered in Q2 2027. The facility is designated as green financing and involves a syndicate of international banks.
Key Highlights
- Cadeler secured a EUR 247 million senior secured green term loan facility.
- The financing is for the construction of its third A-class newbuild vessel, Wind Apex.
- The 12-year facility is supported by the Export and Investment Fund of Denmark (EIFO).
- The loan is designated as green financing under Cadeler's Green Finance Framework.
- Wind Apex vessel delivery is expected in Q2 2027.
- The lending syndicate includes HSBC, KfW IPEX-Bank, Rabobank, and DNB Bank ASA.
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