The syndicated loan has a term of 2.5 years, and the move enables REpower to secure follow-on financing early for the credit facilities of EUR600m agreed in May 2009.
In total, 13 German and international banks and credit insurance companies are participating in this loan.
REpower CFO Derrick Noe said the confidence that the banks and credit insurance companies are showing in the company’s strategy is an important sign for all its stakeholders.
REpower, a Suzlon group company, is an international manufacturer of onshore and offshore wind turbines.
