EXHIBIT 10.21
Cadeler Ltd
CERTAIN IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THE EXHIBIT BECAUSE IT IS BOTH (I) NOT MATERIAL AND (II) THE TYPE OF INFORMATION THAT THE REGISTRANT TREATS AS PRIVATE OR CONFIDENTIAL. REDACTED INFORMATION HAS BEEN MARKED AS “[REDACTED]”.
Form of Increase Confirmation
| To: | **The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch **as Facility Agent |
| From: | **CADELER A/S **as Borrower |
| Dated: | 21 May 2026 |
Dear Sirs
Cadeler - Facility Agreement dated 24 November 2025 (the Facility Agreement)
…