In a strategic move to fortify its position in the offshore wind sector, Cadeler
has secured additional capital, increasing the HSBC Corporate Facility from EUR
50 million to EUR 80 million. 
 
Copenhagen, March 5 2024: This development builds upon Cadeler's existing
partnership with HSBC, which had facilitated an unsecured green term loan
facility of EUR 50 million to fuel the company's expansion plans, particularly
in the construction of P Class and A Class newbuild vessels, and the upgrade of
existing O Class vessels with new cranes to install next-generation wind turbine
generators.
 
The extended facility underscores Cadeler's strategic positioning in the
offshore wind market. With a keen focus on meeting the escalating global demands
and successfully executing large-scale offshore wind installation projects,
Cadeler remains poised for continued growth and innovation.
 
"We are very pleased with the support and the shared vision of the potential in
Cadeler and the offshore wind market. We are well placed to meet the increasing
global demands and to execute the largest and most complex offshore wind
installation projects," stated Mikkel Gleerup, CEO of Cadeler.
 
Christina Ma, Head of Global Banking Asia Pacific at HSBC, commented, "The
upsizing of this green facility reinforces our capabilities and domain expertise
in offering tailored solutions for our clients. We're pleased to be able to
upsize the lending facility in our role as the Sole Mandated Lead Arranger."
 
This capital infusion not only amplifies Cadeler's financial capabilities but
also affirms its commitment to sustainability and environmental responsibility,
aligning with the principles of green financing.

About Cadeler:
Cadeler is a key supplier of offshore wind installation, operations, and
maintenance services. Cadeler is a pure play company, solely operating in the
offshore wind industry with an uncompromising focus on safety and the
environment. Cadeler's experience as provider of high-quality offshore wind
support services, combined with innovative vessel designs, positions the company
to deliver exceptional services to the industry. Cadeler is committed to
enabling the global energy transition towards a future built on renewable
energy. Cadeler is listed on the Oslo Stock Exchange (ticker: CADLR) and the New
York Stock Exchange (ticker: CDLR). For more information, please visit
www.cadeler.com 

For further information, please contact:

Mikkel Gleerup
CEO, Cadeler
+45 3246 3102
mikkel.gleerup@cadeler.com

Karen Roiy 
Vice President - Head of Marketing & Communication
+45 6020 8706
karen.roiy@cadeler.com