Eksfin participates in the financing of three offshore wind vessels for Edda Wind

February 22, 2023
administrator

Norwegian equipment deliveries

Eksfin participates in the financing through a loan of 55 million Euros based on Norwegian design and equipment deliveries for the ships to be built. The first ship is expected to be delivered from the Spanish shipyard Astilleros Gondan in August this year, whereas the other ships are expected to be delivered in Q2 and Q3 2024.  Edda Wind develops, builds and operates vessels for the international offshore wind industry.

Entering the international offshore wind industry is a strategic priority for the Norwegian maritime industry, and for us at Eksfin. This loan agreement shows that we can offer competitive financing together with banks that secures large export contracts for Norwegian maritime equipment suppliers.

Olav Rygg, Chief Commercial Officer Large Corporations at Eksfin

On February 14 the company issued the following stock exchange announcement:

Edda Wind has entered into a green loan facility agreement for the pre- and postdelivery financing of 3 vessels under construction at Gondan shipyard in Spain. The facility, which is with Crédit Agricole Corporate and Investment Bank, Eksportfinansiering Norge and Sparebanken Vest , is for minimum EUR 100 and maximum EUR 120 million, with a term of 6 years from delivery and a blended profile of 12 and 15 years. Following this agreement, nine of the ten vessels in the fleet have secured long term financing.

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