November 16, 2023

Cadeler has entered into an unsecured green term loan facility in an aggregate amount of EUR 50 million with The Hongkong and Shanghai Banking Corporation Limited, Singapore branch (HSBC).
Mikkel Gleerup, CEO of Cadeler said: “With Cadeler’s strategic position in the market, we are well placed to meet the increasing global demands and to execute the largest and most complex offshore wind installation projects.”.
The purpose of the facility is, among others, to fund Cadeler’s construction of the X-class and F-class newbuild vessels and upgrade of the existing O-class vessels with new cranes. The financing includes a non-committed accordion option of up to EUR 50 million.
Based in Denmark and previously known as Swire Blue Ocean, Cadeler currently operates two O-Class installation vessels, Wind Osprey and Wind Orca.
(Source and image: Cadeler)