Cadeler entered into an unsecured green term loan facility (the "Green loan Facility") in an aggregate amount of EUR 50 million (tenor of up to five years) with The Hongkong and Shanghai Banking Corporation Limited, Singapore branch (?HSBC?). The purpose of the facility is, among others, to fund Cadeler?s construction of the X-class and F-class newbuild vessels and upgrade of the existing O-class vessels with new cranes. The financing includes a non-committed accordion option of up to EUR 50 million.

Global law firm Norton Rose Fulbright advised The Hongkong and Shanghai Banking Corporation Limited (HSBC) on this transaction.