Wind Energy

Gamesa signs a syndicated financing extension with more than 30 national and international institutions

Gamesa Corporación Tecnológica, Sociedad Anónima has signed a syndicated financing extension arrangement in the banking market for the amount of one thousand two hundred million (1,200,000,000) euros through its subsidiaries Gamesa Energía, Sociedad Anónima Unipersonal; Gamesa Eólica, Sociedad Limitada Unipersonal; and Gamesa Technology Corporation, Inc.

The transaction responds to the strategy of financial strengthening that has been a constant feature in the Corporation’s management and extends the maturity date of the main elements to finance Gamesa’s overall needs to October 2012.

The syndicated financing arrangement, which was agreed upon under the “Forward Start Facility” method, was led by 11 financial institutions (BBVA, Banesto, Santander, Barclays, Lloyds, ING, ICO, Caja Madrid, La Caixa, Citigroup and Deutsche Bank) and seconded by more than twenty-five Spanish and foreign financial institutions. The transaction’s success and Gamesa’s solvency in the financial markets were reflected by the fact that the syndication was oversubscribed by up to 40%.

About Gamesa Gamesa is a company specializing in sustainable energy technologies, mainly wind power. It is the leading company in Spain and situated among the world’s three most important wind turbine generator manufacturers. Gamesa has installed more than 16,000 MW of its main product lines in 20 countries spread out over four continents. The annual equivalent of this production amounts to more than 3.45 million tons of petroleum (TEP) per year and prevents the emission into the atmosphere of over 24 million tons of CO2 a year. The company has around thirty production centers located in Spain, China and the United States with a workforce of around 7,000 employees.

www.gamesacorp.com/en