Major offshore foundation manufacturer secures new credit facility

Dutch Sif Holding, which had a tough 2018 due to several delayed offshore wind projects, has secured a new, large refinancing agreement with a number of major banks.

Photo: Sif Group

The major Dutch offshore wind turbine foundation manufacturer, Sif Holding, has entered a new refinancing agreement for the whole company with a number of major Dutch banks.

The new credit agreement, worth EUR 350 million in total, will replace the current EUR 250 million agreement which expires midway through this year. The new agreement runs until 2022.

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