Gamesa extends the maturity and improves the terms of its €750 million syndicated loan facility

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Gamesa extends the maturity and improves the terms of its €750 million syndicated loan facility

Gamesa has agreed the extension of its €750 million syndicated loan facility until 2021, so lengthening the company's maturity profile; the loan is repayable in a single bullet at maturity.

This agreement, entered into by a group of 16 Spanish and international financial institutions, not only extends the facility's repayment date, it also improves its economic terms.

In addition to this syndicated facility, Gamesa has other undrawn lines totalling approximately €1.8 billion.

These available funds, coupled with the growing ability to generate free cash flow from operations, reinforce the company's long-term financial structure while endowing it with financial flexibility.

Share this news