Global law firm Freshfields has advised Nordex SE in connection with its successful closing of its €2.475bn syndicated guarantee loan agreement.

The loan agreement has a term of five years and was provided by a syndicate of international banks. The loan agreement allows Nordex to utilise bank guarantees in various currencies to secure its international project business. In addition, the loan agreement includes an ESG component which takes into account several ESG KPIs which are defined in detail in the loan agreement.

Leading banks of the transaction were Commerzbank, Intesa Sanpaolo and UniCredit.

The Freshfields team was led by Partner Michael Josenhans and further comprised Principal Associate Andreas Thümmler and Associates Beatrice Zobel and Thilo Köhler (all Finance, Frankfurt).
Spanish Law advice was provided by Partner Ana López and Associates Inés Colás and Raquel Cuesta (all Madrid). 
US Law advice was provided by Partner Kyle Lakin and Associate Jordan Phelan (both New York).