Global law firm Clifford Chance has advised the lenders on a guarantee credit facility in the amount of €2.475 billion for Nordex SE.
Led by UniCredit Bank GmbH as documentation agent, the syndicate for the facility comprises fifteen financial institutions. The guarantee facility has a term of 5 years and includes ESG provisions. The guarantee facility allows the Nordex Group to secure its project business with customers with bank guarantees in the respective main currencies.
The Clifford Chance team comprised of partner Simon Reitz, counsel Vanessa Steiner and associate Sebastian Wurm (all Debt Finance, Frankfurt), senior transaction lawyer Christoph Finsterwalder (Debt Finance, Munich), partner Olaf Mertgen and counsel Steffen Waadt (both Tax, Frankfurt), partner María Sabau and associate Enrique Pais (both Debt Finance, Madrid) as well as partner Daniel Winick and associate Cormac O’Halloran (both Debt Finance, New York).
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