But
the
deal
commits
Vestas
to
a
new,
more
disciplined
way
of
operating,
by
curtailing
its
financial
room
for
manoeuvre.
The
core
of
the
agreement
is
a
€900m
($1.16bn)
syndicated
loan
facility
with
its
existing
lender
group
of
nine
international
banks.
This
is
structured
as
a
€650m
revolving
credit
facility
and
a
€250m
amortising
term
loan,
and
replaces
the
current
syndicated
facility
of
€1.3bn.
Including
other
related
deals,
Vestas
ends
up
with
credit
facilities
of
€1.155bn,
as
well
as
a
corporate
eurobond
of
€600m.
Jacob
Pedersen,
an
analyst
at
Denmark’s
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