Edition:
United Kingdom

Canadian Solar Closes $69.0 Mln Financing With Bancomext And Banco Sabadell


Friday, 14 Dec 2018 

Dec 14 (Reuters) - Canadian Solar Inc ::CANADIAN SOLAR CLOSES US$69.0 MILLION FINANCING WITH BANCOMEXT AND BANCO SABADELL FOR SOLAR PROJECT IN MEXICO.CANADIAN SOLAR - ACHIEVED FINANCIAL CLOSE ON $69.0 MILLION NON-RECOURSE PROJECT FINANCING FOR 67.8 MWP AGUASCALIENTES SOLAR POWER PROJECT IN MEXICO.CANADIAN SOLAR - FINANCING PACKAGE CONSISTS OF A US$53.2 MILLION LONG-TERM LOAN, A US$5.6 MILLION LETTER OF CREDIT FACILITY, AND A US$10.2 MILLION VAT LOAN.CANADIAN SOLAR - PROCEEDS FROM LONG-TERM LOAN WILL BE USED TO REPAY A US$45 MILLION CONSTRUCTION LOAN THAT WAS PREVIOUSLY PROVIDED BY NATIXIS.