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

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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

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03.03.2014 Dissemination of a Corporate News, transmitted by DGAP - a
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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  
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255312 03.03.2014                                                      
 
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