Cadeler has once again successfully completed a directed issue and raised gross proceeds of NOK 1,965 million (USD 203 million) through an accelerated bookbuilding process.
The capital raise is intended to finance the company’s continued growth as a global market leader in the installation, operation and maintenance of offshore wind turbines, including the addition of two planned newbuild T-class wind turbine foundation installation vessels to the existing fleet of jack-up installation vessels – the largest in the industry – as well as a potential newbuild and conversion of a service operation vessel.
Gorrissen Federspiel’s team was led by partner Chantal P. Patel Simonsen, assisted by Senior Capital Markets Counsel Emily Nordin, assistant attorney Thomas Hammer Skou and assistant attorney Christopher Aarlit Bach.
It has been a pleasure to advise Cadeler A/S and to work together with DNB Carnegie, Jefferies, Thommessen, Davis Polk & Wardwell LLP and Milbank LLP on this transaction.
