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Suzlon Energy's German subsidiary secures working capital facilities

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To the tune of EUR 850 million for 3 years

Suzlon Energy announced that its wholly owned German subsidiary, Senvion SE has signed an agreement with a consortium of banks for a syndicated working capital facilities of EUR 850 million for a period of 3 years. This move enables Senvion SE to secure follow-on financing early for credit facilities of EUR 750 million agreed in May 2012 for the period of up to August 2014.

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First Published: Apr 08 2014 | 1:50 PM IST

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