Cadeler has signed an EIFO-backed senior secured green term loan facility of EUR 247 million to partly fund the construction of Wind Apex, its third A-class offshore wind installation vessel.

The 12-year facility is supported by the Export and Investment Fund of Denmark, EIFO, and is designated as green financing under Cadeler’s Green Finance Framework. Delivery of Wind Apex is expected in Q2 2027.

The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch acted as coordinator, mandated lead arranger, facility agent, security agent and EIFO agent.

The lending syndicate comprises HSBC, KfW IPEX-Bank, Coöperatieve Rabobank U.A. and DNB Bank ASA.

Cadeler CEO Mikkel Gleerup said the transaction was arranged with international banking partners and continued the company’s longstanding relationship with EIFO.

Peter Boeskov, COO at EIFO Large Corporates, said the financing supports EIFO’s focus on Danish companies and supply chains involved in the energy transition. The agreement is the third transaction between EIFO and Cadeler.