Cadeler has increased the capacity available to it under an unsecured green corporate term loan facility to €125m.
Standard Chartered is the lender on the €45m upsizing of the facility, according to the vessel operator.
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Cadeler has drawn €80m from the term loan.
HSBC acted as sole mandated lead arranger, green loan coordinator, and facility agent.
“With this upsizing, Cadeler has increased its financial flexibility and ability to seize market opportunities as they rise,” the company said.
“This increase in unsecured, committed funds further strengthens Cadeler’s financial position and growth prospects and will enable it to fund a variety of wind turbine installation activities.”