December 27, 2025 12:21 am (IST)
Follow us:
Senvion SE signs agreement with consortium of banks
Pune, Apr 8 (IBNS): Wind energy turbine manufacturer Senvion SE, a wholly owned subsidiary of the Suzlon Group recently signed an agreement with a consortium of banks headed by BayernLB, Commerzbank Aktiengesellschaft and Deutsche Bank AG for a syndicated working capital facilities of EUR 850 million for the period of 3 years.
This move enables Senvion SE to secure follow-on financing early for the credit facilities of EUR 750 million agreed in May 2012 for the period up to August 2014.
In total, 14 international banks and credit insurance companies are participating in this financing with a term of three years, syndication of which was significantly oversubscribed.
In total, 14 international banks and credit insurance companies are participating in this financing with a term of three years, syndication of which was significantly oversubscribed.
Six globally reputed financial institutions and banks with excellent ratings have been added to the banks consortium. The financing structure remains largely unchanged and primarily consists of non-Fund based (guarantee) facilities.
Marcus A. Wassenberg, CFO of Senvion said: “This enhanced facility with long tenure is of significance importance for the growth of the Company and the oversubscription of the same with new additions to the Consortium clearly reflects strong confidence of global Banks and Credit Insurance Companies in business fundamentals, Company Management and strategy of the Company.”
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
Big win: Tata Chemicals enters CII’s elite top 50 innovators list
Fri, Dec 26 2025
Ola Electric skyrockets! Shares jump 5% on Rs 367 crore PLI windfall
Fri, Dec 26 2025
Big govt boost for Ola Electric! Rs 367 cr PLI sanction clears path to profitability
Fri, Dec 26 2025
Dream job alert: Infosys entry-level packages skyrocket to ₹21 lakh
Thu, Dec 25 2025
Bharti–Warburg storm Haier India! Sunil Mittal bets big as China’s Haier dilutes stake
Wed, Dec 24 2025