DGAP-News: Nordex SE secures funding for continued growth

 DGAP-News: Nordex SE secures funding for continued growth   DGAP-News: Nordex SE / Key word(s): Capital Reorganisation/Banking Syndicate Nordex SE secures funding for continued growth  03.03.2014 / 08:50  ---------------------------------------------------------------------  Press release  Nordex SE secures funding for continued growth Guarantee credit facility renewed until 2017 and increased to EUR 550 million  Hamburg, 3 March 2014. The Nordex Group has signed with its banks a new and substantially optimized syndicated credit facility for bank guarantees. The term, scope and conditions of this guarantee credit facility have been adjusted to meet the Group's current requirements. Thus, the facility amounts to EUR 550 million and ends on 30 June 2017. "In this way, we have created the financial basis for funding our expected further growth in the future and the resulting guarantee obligations," says Nordex CFO Bernard Schäferbarthold.  Last year, the Group's sales rose by around 33 percent to EUR 1.4 billion, accompanied by a substantial improvement in operating profit. At the same time, Nordex was able to strengthen its balance sheet due to its stringent working capital management and the successful issue of new equity in November 2013. Says Schäferbarthold: "The new funding arrangements have in particular been made possible by this favourable performance."      For more information, please contact: Nordex SE Ralf Peters Telephone: + 49 40 300 30 - 1000 rpeters@nordex-online.com   End of Corporate News  ---------------------------------------------------------------------  03.03.2014 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement.  DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de  ---------------------------------------------------------------------   Language:    English                                                 Company:     Nordex SE                                                            Erich-Schlesinger-Straße 50                                          18059 Rostock                                                        Germany                                                 Phone:       +49 381 6663 3300                                       Fax:         +49 381 6663 3339                                       E-mail:      info@nordex-online.com                                  Internet:    www.nordex-online.com                                   ISIN:        DE000A0D6554                                            WKN:         A0D655                                                  Indices:     TecDAX                                                  Listed:      Regulierter Markt in Frankfurt (Prime Standard);                     Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,                München, Stuttgart                                          End of News    DGAP News-Service   ---------------------------------------------------------------------   255312 03.03.2014