Cadeler has entered into an unsecured green loan facility with HSBC to fund its projects including the construction of the X-class and F-class newbuild vessels and upgrade of the existing O-class vessels with new cranes.
The financing includes a non-committed accordion option of up to €50m.
Chief executive of Cadeler Mikkel Gleerup said: “With Cadeler’s strategic position in the market, we are well placed to meet the increasing global demands and to execute the largest and most complex offshore wind installation projects.”
Head of global banking Asia Pacific at HSBC Christina Ma added: “This green loan showcases HSBC’s ability to arrange tailored solutions for clients.
“We’re pleased to partner with Cadeler as the Sole Mandated Lead Arranger, Green Loan Coordinator, and Facility Agent.”