Senvion Gets Financial Support

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Senvion has obtained the support of its lenders and main bond holders to continue operations / Binding loan agreement setting forth terms for a EUR 100m facility signed / Installation ramp-up achieved in Q1 2019 with 119% growth yoy

Senvion, its lenders and main bond holders have signed a binding loan agreement, setting forth terms for a EUR 100m debtor-in-possession ("DIP") facility. The facility enables Senvion to continue its business operations following last week's self-administration filing. The DIP facility has received Board approvals and allows substantial drawings already this week, thus enabling the company to stabilize its business operations and provide funds to its non-insolvent subsidiaries. Yves Rannou, CEO of Senvion, said: "We... ... More: Official Press Release Senvion

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Senvion, loan, money, lender, bond holders, support, installation, manufacturer, wind turbine