Copenhagen, August 19, 2024 - Cadeler A/S ("Cadeler") today announces two
significant developments in respect of its external debt facilities that,
together, underscore the robust support that Cadeler continues to enjoy from its
banking partners and their confidence in Cadeler's commitment to the sustainable
growth of its business.

1.	Replacement of M-Class Facility
 
Cadeler has successfully renegotiated and replaced the USD 436 million Senior
Secured Green Term Loan Facility previously entered into by Eneti Inc. ("Eneti")
in respect of the two M-Class new builds Cadeler acquired upon the completion of
its business combination with Eneti.

The replacement facilities - one for each M-Class vessel - have been entered
into on materially improved terms, reflecting Cadeler's strong credit story and
strengthened market position. This refinancing, supported by a broad banking
group as well as several export credit agencies, secures an aggregate of up to
EUR 420 million (approximately USD 456 million) in post-delivery financing.

The banking group includes Societe Generale acting as Mandated Lead Arranger and
ECA Coordinator, as well as Credit Agricole, Credit Industriel et Commercial
(CIC), KfW-IPEX, and The Korea Development Bank as Lead Arrangers. The export
credit agencies supporting Cadeler on the replacement facilities are The Danish
Export and Investment Fund (EIFO), Export Finance Norway (Eksfin), and The
Export-Import Bank of Korea (KEXIM).


2.	Extension of RCF-B Facility and Increased Uncommitted Guarantee Lines

Cadeler's banking partners continue to demonstrate unwavering support. The
banking group behind Cadeler's EUR 550m Senior Secured Green Loan Facilities and
The Danish Export and Investment Fund of Denmark (EIFO) have approved:
-	The extension of Cadeler's RCF-B facility by 12 months, providing Cadeler with
additional financial flexibility to seize market opportunities, including by
funding the purchase of mission equipment and increased working capital. 
-	An increase to its uncommitted guarantee lines from EUR 100 million to EUR 200
million, due to surging activity levels.

Total drawings within the entire loan facility will offer a maximum of EUR 450m
until the maturity of RCF-B and then a maximum of EUR 350m for the remaining
period of the loan facility.	


For further information, please contact: 

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

Alexander Simmonds 
EVP & CLO, Cadeler 
+44 7376 174172 
alexander.simmonds@cadeler.com  
About Cadeler A/S: 


Cadeler is a global leader in offshore wind installation, operations, and
maintenance services. Cadeler is a pure play company, operating solely in the
offshore wind industry with an uncompromising focus on safety and the
environment. Cadeler owns and operates the industry's largest fleet of jack-up
offshore wind installation vessels and has for more than 10 years been a key
supplier in the development of offshore wind energy to power millions of
households. Cadeler's fleet, expertise and capacity to handle the largest and
most complex next-generation offshore wind installation projects positions the
company to deliver exceptional services to the industry. Cadeler is committed to
being at the forefront of sustainable wind farm installation and to enable the
global energy transition towards a future built on renewable energy. Cadeler is
listed on the New York Stock Exchange (ticker: CDLR) and the Oslo Stock Exchange
(ticker: CADLR). For more information, please visit www.cadeler.com