First Solar Inc. has entered into a $300 million 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, the company says. J.P. Morgan Securities Inc. and Bank of America/Merrill Lynch served as joint lead arrangers and book runners for the facility.
SOURCE: First Solar
