Senvion secures breather

Operations seem able to continue for the moment after the insolvent wind turbine producer secured a special one-year credit facility with creditors and bondholders.

Photo: Senvion

Senvion has secured a bit more calm for its business. One week following the company filing for bankruptcy protection after failing to land a refinancing agreement, the German wind turbine manufacturer has now managed to secure a credit facility of EUR 100 million with its creditors and major bondholders, according to a press release by Senvion on Wednesday.

"This is encouraging news for all of us and of course for our transformation process. We have received a multitude of supportive reactions from our customers and suppliers and continue our close dialogue with them," says Chief Executive Yves Rannou in the statement.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Further reading

Related articles

Latest News

See all jobs