31 May '18, 7am

Read @rechargenews on @SiemensGamesa locking in almost $3bn financing war-chest @WindEurope @GWECGlobalWind @IRENA

Siemens Gamesa Renewable Energy said it has “enhanced its long-term financial structure” after agreeing a €2.5bn ($2.9bn) financing package. The transaction consists of €2bn of revolving finance maturing in 2023 – with two, one-year extension options – plus a €500m term facility until 2021. The package was agreed with “a syndication of international financial entities”, said the Spain-based wind OEM. It replaces an existing €750m credit facility signed in 2017 “and will serve for general corporate purposes and to refinance existing outstanding debt”, said Siemens Gamesa. It added that the arrangement had proved “very successful, having attracted close to €3.8bn subscription offers from financial entities”.

Full article: http://www.rechargenews.com/wind/1501917/siemens-gamesa-s...

Tweets

Poland Seeks Permanent US Troop Presence, Offer...

military.com 03 Jun '18, 1am

WARSAW, Poland — Poland's defense minister said Monday that he has held talks with U.S. officials about having thousands o...