Aarhus, 29 April 2021
Vestas has signed a EUR 2,000 million revolving multi-currency credit facility with a group of leading banks. The facility s margin will be closely linked to Vestas sustainability KPIs, and will support Vestas ambitions to accelerate the deployment of renewable energy, and drive technological innovation.
The facility, which is available for general corporate purposes, including guarantees issuance in relation with wind power projects, carries a five-year tenor with two one-year extension options, replacing Vestas undrawn EUR 1,150 million revolving credit facility signed in 2017.
The successful transaction, concluded following the assignment of a strong credit rating of Baa1 from Moody´s, underlines a growing confidence in Vestas continued financial and operational transformation, as well as in the significant projected growth of renewable energy in the near future.