The facility amounts to€550m ($758m) and ends on 30 June 2017.

“In this way, we have created the financialbasis for funding our expected further growth in the future and the resultingguarantee obligations,” says Nordex chief financial officer BernardSchäferbarthold.

Last year, Nordex’ssales rose by around 33% to €1.4bn, accompanied by a substantialimprovement in operating profit.

At the same time, the company says it was ableto strengthen its balance sheet due to its stringent working capital managementand the successful issue of new equity in November 2013.