BW Group-backed Cadeler Lands €420M Financing Deal for Offshore Vessel Pair

Monday, 19 August 2024, 05:54

BW Group-backed Cadeler has secured a €420M financing deal for offshore vessels. This significant funding involves leading banks like DNB, Rabobank, and others. The deal marks a pivotal moment for Cadeler's capabilities in offshore operations, bolstering its position in the industry.
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BW Group-backed Cadeler Lands €420M Financing Deal for Offshore Vessel Pair

Key Details of the Financing Deal

Cadeler, supported by BW Group, has successfully arranged a €420M financing deal aimed at enhancing its operations in offshore vessel markets. The financing is primarily facilitated by DNB and various notable financial institutions.

Involved Financial Institutions

  • DNB
  • Rabobank
  • Credit Agricole
  • Danske Bank
  • Oversea-Chinese Banking Corporation (OCBC)
  • Standard Chartered Bank
  • Societe Generale

This financing enables Cadeler to significantly expand its operational capabilities while fortifying its vessels portfolio.

Industry Implications

The arrangement of this €420M financing underscores the growing interest and competition within the offshore sector. With this boost, Cadeler is poised to take on more ambitious projects.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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