Cadeler Secures $282 Million Term Loan for Offshore Wind Vessel

MT Newswires Live

07/13

Cadeler (CDLR) has secured a 247 million euro ($282 million) senior secured green term loan facility to partly fund the construction of its offshore wind installation vessel, Wind Apex, the company said Monday.

The 12-year loan, backed by Denmark's Export and Investment Fund, will help finance Cadeler's third A-class newbuild vessel, which is scheduled for delivery in Q2 2027, according to the company.

Cadeler said the financing is classified as green under its Green Finance Framework.

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