on ABO Wind AG (ETR:DE000576)
ABO Energy Secures €240 Million Syndicated Loan
ABO Energy has finalized its first syndicated loan agreement amounting to €240 million. Seven banks, led by Commerzbank, participated. The loan comprises traditional loans, revolving working capital facilities, and guarantee lines, mainly replacing existing loans. It will also fund growing project volumes.
Alexander Reinicke, Managing Director, highlights the loan as a strategic step to finance more wind, solar, and storage projects. The loan's attractive terms attracted new banking partners, enhancing financial stability.
Tim Koenemann of Commerzbank's Green Infrastructure Finance notes the loan supports ABO Energy's project pipeline and the global energy transition, reflecting the company's future viability and appeal.
R. P.
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