17.04.2023

Green Bond: Luther advises wind turbine manufacturer Nordex on EUR 333 million convertible bond issue

Hamburg, 17 April 2023 – Nordex SE, one of the world's largest manufacturers of wind turbines, is issuing a convertible bond. The company was advised by a team from Luther Rechtsanwaltsgesellschaft during the placement. The law firm has been advising Nordex for a long time, including on the issue of a corporate bond in 2011 and on several capital increases between 2007 and 2020.

Nordex SE has announced the successful placement of new green convertible bonds with a total nominal amount of EUR 333 million and a maturity date of 14 April 2030. The issuance of the convertible bonds by Nordex has now been completed on 14 April 2023. Inclusion in trading on the Regulated Unofficial Market of the Frankfurt Stock Exchange is expected to take place shortly.

The net proceeds from the issuance of the convertible bonds will be used to finance green projects qualifying under Nordex's Green Bond Framework, such as the generation of electricity from wind power and the installation of renewable energy technologies.

About Nordex SE:

The development, production, project development and maintenance of onshore wind turbines have been the core competence and passion of the Nordex Group and its more than 9,000 employees worldwide for over 35 years. Since the merger with Acciona Windpower in 2016, the Nordex Group has become a global player and one of the largest manufacturers of wind turbines in the world.

In some markets, the Nordex Group is also active as a project developer for wind farms. The Nordex Group manufactures nacelles, rotor blades and concrete towers at production facilities in Germany, Spain, Brazil, the USA and India. In addition, the company has branches and offices in more than 30 countries.

Nordex SE is a listed company whose stock is included in the TecDAX and MDAX indices on the Frankfurt Stock Exchange. The Company's headquarters with the seat of the Management Board as well as the central Group functions is in Hamburg, while the legal headquarters is in Rostock.

https://www.nordex-online.com/

On behalf of Nordex SE:

Inhouse: Alexander Rößler (General Counsel), Dr Julia Steinmann (VP Regulatory & Corporate Affairs), Nathalie Novoselec (Legal Counsel Corporate)

Luther, Stock Corporation and Capital Markets: Dr Jörgen Tielmann, LL.M. (Partner, Lead Partner), Dr Johannes Knop (Senior Associate)

Luther, Capital Markets & Banking: Dr Rolf Kobabe (Partner), Christoph Schauenburg, LL.M. (Partner), Volkan Top (Senior Associate)