The Nordex Group has concluded a new ESG-linked syndicated Multi-Currency Guarantee Facility with a total volume of EUR 2,475 million, marking a significant milestone in the company's financial turnaround. The facility, which comes with a 5-year maturity and improved terms and conditions including a material reduction in interest rates on a like-for-like basis, provides the company with a larger, more flexible, and more cost-efficient financing framework for the period from 2026 to 2031.
This refinancing was arranged with the support of three leading international banks: Commerzbank Aktiengesellschaft (also acting as Bookrunner and Facility Agent), Intesa Sanpaolo - IMI CIB Division (also acting as Global Coordinator, Bookrunner and Sustainability Coordinator), and UniCredit Bank GmbH (also acting as Bookrunner, Documentation Agent and Process Coordinating Agent). The overall facility is based on commitments from a total of 15 financial institutions. Freshfields and Clifford Chance supported the deal as legal advisors.
Dr. Ilya Hartmann, Chief Financial Officer of the Nordex Group, commented on the significance of the facility: “We’ve been on a journey as an institution for the last 5 years. After a complete reset of the balance sheet to a solid level, a full business turnaround to industrial levels with achievement of our mid-term goals; the refinancing marks the completion of the turnaround of the company on a holistic level. The successful refinancing of our ESG-linked syndicated Multi-Currency Guarantee Facility has secured us a strong and reliable framework for the coming years. This facility enhances our financial flexibility, enabling us to support customers in the relevant regions by helping our sales teams convert opportunities into orders and executing our order backlog with discipline.” He added, “The increased volume and improved conditions also reflect the confidence of our banking partners in Nordex’s business development and long-term prospects.”
Guarantee facilities are an important financing instrument in the wind energy industry, used to provide guarantees related to customer projects and other contractual obligations in many markets where the group operates. This new facility ensures Nordex can continue to support its global customer base effectively.
The Nordex Group has commissioned more than 64 GW of wind power capacity in over 40 markets since 1985 and generated consolidated sales of around EUR 7.6 billion in 2025. The company currently has more than 11,100 employees with a manufacturing network that includes factories in Germany, Spain, Brazil, India, and the USA. Its product portfolio focuses on onshore turbines in the 4 to 7 MW+ classes, designed for markets with limited space and constrained grid capacity. A global service network ensures smooth turbine operation. Nordex SE is listed on the MDAX and TecDAX of the Frankfurt Stock Exchange (ISIN: DE000A0D6554).
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