Cadeler (NYSE: CDLR) adds EUR 60m green loan facility to boost flexibility
Rhea-AI Filing Summary
Cadeler A/S has secured a second unsecured green corporate term loan facility totaling EUR 60 million, designed to strengthen its balance sheet and financial position. The agreement includes a non-committed accordion option of up to EUR 80 million, allowing potential expansion of the facility. The loan has a tenor of up to five years and is arranged and coordinated by HSBC and Clifford Capital, with HSBC also acting as Green Loan Coordinator and Facility Agent.
The funds are earmarked for general corporate purposes, supporting Cadeler’s financial flexibility and resilience as it operates in the offshore wind installation, operations, and maintenance market. Management states that this financing reinforces the company’s ability to pursue strategic priorities and handle large, complex offshore wind projects while maintaining a focus on sustainable growth.
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Insights
Cadeler adds a EUR 60m unsecured green term loan to boost flexibility.
Cadeler has put in place a second unsecured green corporate term loan facility of
The facility is designated for general corporate purposes, which can include funding day-to-day needs or supporting larger offshore wind installation projects as they arise. Because it is unsecured and framed as a green corporate loan, it may preserve asset flexibility while aligning with Cadeler’s sustainability profile in offshore wind.
Management highlights that the financing enhances balance sheet strength, financial flexibility, and capacity to pursue strategic priorities in offshore wind installation. The actual impact will depend on how much of the accordion option is used and how Cadeler deploys the available capital across its project pipeline and fleet operations.
FAQ
What financing did Cadeler (CDLR) announce in this Form 6-K?
Cadeler announced a second unsecured green corporate term loan facility, called the Green Corporate Loan Facility, with an aggregate amount of EUR 60 million and a non-committed accordion option of up to EUR 80 million.
What is the purpose of Cadeler’s new EUR 60 million green loan facility?
The facility will be used for general corporate purposes, aiming to enhance Cadeler’s balance sheet, increase its financial flexibility, and support its strategic priorities in offshore wind installation projects.
Who arranged Cadeler’s new green corporate loan facility?
The loan was arranged and coordinated by The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch (HSBC) and Clifford Capital Holdings Pte. Ltd. as Mandated Lead Arrangers, with HSBC also acting as Green Loan Coordinator and Facility Agent.
What is the tenor of Cadeler’s new green corporate term loan?
The Green Corporate Loan Facility has a tenor of up to five years, providing Cadeler with multi-year funding support for its operations and strategic initiatives.
How does Cadeler describe the impact of this new loan on its business?
Cadeler states that the financing strengthens its capacity to navigate current market dynamics and opportunities, supports its strategic priorities, and maintains its financial resilience while underpinning its commitment to sustainable growth and large, complex offshore wind projects.
On which exchanges is Cadeler’s stock listed and under what tickers?
Cadeler is listed on the New York Stock Exchange under the ticker CDLR and on the Oslo Stock Exchange under the ticker CADLR.
What sector does Cadeler operate in and what services does it provide?
Cadeler operates solely in the offshore wind industry, providing installation, operations, and maintenance services. It owns and operates a large fleet of jack-up offshore wind installation vessels and focuses on handling the largest and most complex next-generation offshore wind projects.
