EUR 500m Senior Multicurrency Revolving Guarantee and Revolving Credit Facility
HSH Nordbank is a strong commercial bank in its core region of Northern Europe. We are deeply rooted in our home market of Hamburg/Schleswig-Holstein and market leader in the corporate customer segment. To our customers we offer an innovative range of products and services coupled with individual advice in all business areas, including Private Banking.
Bayerische Hypo- und Vereinsbank AG ("UniCredit Markets and Investment Banking") and HSH Nordbank AG ("HSH Nordbank") as Mandated Lead Arrangers ("MLAs") and Bookrunners are pleased to announce that a EUR 500m Senior Multicurrency Revolving Guarantee and Revolving Credit Facility ("Facility") for NORDEX AG ("Nordex") was signed 7th May 2008.
Syndication was launched in mid-March and closed oversubscribed with 13 banks having signed into the transaction. Syndication was targeted at NORDEX's relationship banks.
Information on the Facility:
Borrower: NORDEX AG
Purpose: Finance bonding requirements, general corporate and working capital purposes
Facilities Amount: Revolving Guarantee Facility: EUR 425m
Revolving Credit Facility: EUR 75m
Initial L/G Fee: 70 bps p.a. (grid-linked)
Initial Margin: 95 bps p.a. (grid-linked)
Information on the Facility:
Borrower: NORDEX AG
Purpose: Finance bonding requirements, general corporate and working capital purposes
Facilities Amount: Revolving Guarantee Facility: EUR 425m
Revolving Credit Facility: EUR 75m
Initial L/G Fee: 70 bps p.a. (grid-linked)
Initial Margin: 95 bps p.a. (grid-linked)
