Vestas extends maturity on revolving credit facility
The EUR 1.150bn revolving credit facility refinances Vestas’ existing EUR 1.050bn facility from 3 June 2015. The facility is available for loans as well as project-related guarantees with a sub-limit for loans of up to EUR 550m. The facility has a five-year duration with an option, at the lenders’ discretion, to extend the maturity for up to two additional years (5+1+1). Hans Martin Smith, Head of Group Treasury & Investor Relations, said “By continuing to develop our solid banking relations, we strengthen our financial capabilities, underpin our global reach and support our position as