Cadeler has yet another time successfully completed a private placement raising gross proceeds of NOK 1.965 billion (USD 203 million) through an accelerated book-building process.
The capital raise is intended to fund their successful growth journey as a global leader in offshore wind installation, operations, and maintenance services adding two proposed T-class Wind Foundation Installation Vessel newbuilds to their existing fleet of jack-up offshore wind installation vessels, the largest in the industry, and a potential new acquisition and conversion of a scour protection vessel.
The Gorrissen Federspiel team was led by partner Chantal P. Patel Simonsen with assistance from senior capital markets counsel Emily Nordin, associate Thomas Hammer Skou and junior associate Christopher Aarlit Bach.
We have enjoyed assisting Cadeler A/S and working with DNB Carnegie, Jefferies, Thommessen, Davis Polk & Wardwell LLP and Milbank LLP on this transaction.