Wind turbine manufacturer Senvion has refinanced and increased its debt options.
The German company, formerly known as Repower, had an existing €750mn facility which was due to expire in August. It has now upped its limits to €850mn, with 14 banks getting involved. The new facility has a three-year tenor.
The finance will be used for working capital purposes.
The mandated lead arrangers and bookrunners are BayernLB, Commerzbank, Deutsche Bank, BNP Paribas, HSBC and RBC. The other participants have not been disclosed.