Cadeler Announces Signing of an EIFO-Backed Green Term Loan Facility of EUR 247 Million for Wind Apex

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senior secured financial

Senior secured describes a loan or bond that has first claim on a company’s assets and is backed by specific collateral, like a mortgage on property. For investors, that means they are paid before other creditors if the company struggles or is liquidated, reducing the chance of loss compared with unsecured or junior debt. Think of it as a front-of-the-line, collateral-backed claim that typically carries lower interest because of that added protection.

green term loan facility financial

A green term loan facility is a medium- to long-term bank loan where the borrower agrees to use the money for projects or assets that have environmental benefits, such as renewable energy, energy efficiency, or pollution reduction. Lenders typically require reporting on how funds are used and may link interest rates or covenants to sustainability targets, so the loan’s terms, pricing and investor appetite can be influenced by those environmental conditions—think of it like a mortgage that comes with rules and rewards tied to eco-friendly goals.

green financing financial

Green financing is money—loans, bonds, or investments—earmarked to support projects and businesses that reduce environmental harm, such as clean energy, energy efficiency, or pollution control. It matters to investors because it can change a project’s risk and return profile, unlock tax breaks or subsidies, and affect public reputation; think of it like choosing an energy‑efficient appliance that costs more upfront but lowers bills, risk and future regulatory headaches.

green finance framework financial

A Green Finance Framework is a set of rules and goals that guide investments in projects that help the environment, like renewable energy or pollution reduction. It matters because it ensures money is used responsibly to support sustainable growth and fight climate change. Think of it as a blueprint for making sure funds go toward making the planet healthier.

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COPENHAGEN, Denmark--(BUSINESS WIRE)-- Cadeler has signed an EIFO-backed senior secured green term loan facility of EUR 247 million to finance in part the construction of its third A-class newbuild offshore wind installation vessel, Wind Apex, with delivery expected in Q2 2027.

The 12-year facility is supported by the Export and Investment Fund of Denmark (EIFO) and has been designated as green financing under Cadeler's Green Finance Framework.

The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch acted as Coordinator, Mandated Lead Arranger, Facility Agent, Security Agent and EIFO Agent. The lending syndicate comprises HSBC, KfW IPEX-Bank, Coöperatieve Rabobank U.A. and DNB Bank ASA.

Commenting on the financing, Mikkel Gleerup, CEO of Cadeler, says: “We are pleased to have secured this financing for Wind Apex together with a strong group of international banking partners. We greatly value our longstanding relationship with EIFO and appreciate their continued support for Cadeler's growth. Their backing, together with that of our lending partners, reflects continued confidence in Cadeler and our ability to deliver the offshore wind installation capacity our customers need.”

Peter Boeskov, COO at EIFO Large Corporates comments: “Strengthening Danish companies and supply chains in the energy transition is a strategic priority for EIFO. Cadeler exemplifies how quickly Danish expertise can scale globally, now operating the world’s largest installation fleet for offshore wind. With this third transaction, we reaffirm our long-term commitment to supporting Cadeler's continued growth.”

About Cadeler:

Cadeler A/S (Cadeler) is a pure-play offshore wind installation partner and a global leader in offshore wind turbine transport and installation. The company owns and operates the industry’s largest fleet of jack-up offshore wind installation vessels and is expanding its capabilities into full-scope foundation transport and installation, as well as operations & maintenance. With its modern fleet and depth of expertise across onshore and offshore operations, Cadeler supports the safe, efficient and reliable delivery of offshore wind projects worldwide. Cadeler is listed on the New York Stock Exchange (ticker: CDLR) and the Oslo Stock Exchange (ticker: CADLR). For more information, please visit www.cadeler.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260713039019/en/

For further information, please contact:

Mikkel Gleerup
CEO, Cadeler
+45 3246 3102
mikkel.gleerup@cadeler.com

Alexander Simmonds
EVP & CLO, Cadeler
+44 7376 174172
alexander.simmonds@cadeler.com

Source: Cadeler A/S