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10 September 2009

 

First Solar secures $300m revolving credit facility

First Solar Inc of Tempe, AZ, USA, which manufactures thin-film photovoltaic modules based on cadmium telluride (CdTe), has entered into a $300m senior secured revolving credit facility with a syndicate of nine leading financial institutions.

The facility, which was oversubscribed, has a three-year term and is intended to be used for general corporate purposes, including the issuance of letters of credit.

J.P. Morgan Securities Inc and Bank of America/Merrill Lynch served as joint lead arrangers and book runners for the facility.

See related items:

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CdTe PV maker First Solar appoints CEO

First Solar/juwi CdTe solar farm becomes world’s second biggest

First Solar wins CdTe PV contracts: 55MW for Los Angeles and 550MW for Southern California Edison

First Solar to supply 10MW of CdTe PV panels for Lend Lease’s Australia business

Search: First Solar CdTe PV modules

Visit: www.firstsolar.com