Hawi receives EUR 45m loan from BayernLB-led syndicate
Jul 20, 2011 – Wholesale lender BayernLB has secured a syndicated loan worth EUR 45 million (USD 63.64m) for German wholesaler and supplier of solar power systems Hawi Energietechnik AG.
Hawi will use the credit to finance its working capital needs, as well as to set foot on foreign markets and to develop the domestic one.
The credit matures in 2014.
The banks offering the credit are united in a syndicate led by BayernLB. Among those banks are savings bank Rottal-Inn, LfA Foerderbank Bayern and HSH Nordbank. The Reconstruction Loan Corporation (KfW) is also taking part in the financing through a special programme.