Gamesa arranges a €350 million syndicated financing transaction due 2018

Gamesa arranged a €350 million syndicated financing facility due 2018, which further shores up its financial structure and extends its debt maturity profile.

The transaction was structured in the form of a revolving credit facility. The syndicate is made up of 16 Spanish and international financial institutions and the facility is repayable in a single bullet in four years’ time.

This new credit line will supplement the other undrawn facilities secured by Gamesa for a total €1.8 billion as of mid-June. These available funds, coupled with the company’s growing ability to generate free cash flow from operations, reinforce Gamesa’s long-term financial structure.

http://www.evwind.com/2014/06/03/energias-renovables-eolica-gamesa-firma-una-operacion-de-financiacion-sindicada-de-350-millones/