Tiger Brokers

Canadian Solar's Recurrent Energy Secures $415 Million Credit Facility

MT Newswires Live
Apr 30

Canadian Solar's (CSIQ) Recurrent Energy unit said Wednesday that it has secured a multi-currency credit facility with a total value of up to $415 million.

The company said the facility is backed by Banco Santander (SAN), Rabobank, Intesa Sanpaolo, and Morgan Stanley (MS). The facility includes an accordion feature for a potential increase and offers disbursements in US dollars, euros, pounds, and Australian dollars, according to the statement.

Recurrent Energy said the facility will allow it to pursue strategic opportunities and accelerate deployment of clean energy projects globally.

Shares of Canadian Solar were down more than 4% in recent Wednesday trading.

Price: 9.19, Change: -0.47, Percent Change: -4.82

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10