The Nordex Group has signed with its banks a new syndicated credit facility for bank guarantees.
The term, scope and conditions of this guarantee credit facility have been adjusted to meet the Group’s current requirements. The facility amounts to € 550 million and ends on 30 June 2017. Last year, the Group’s sales rose by around 33 percent to € 1.4 billion, accompanied by a substantial improvement in operating profit. At the same time, Nordex was able to strengthen its balance sheet due to its stringent working capital management and the successful issue of new equity in November 2013.
