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Stock impact report

Canadian Solar Secures US$50 Million Term Loan from Credit Suisse

Canadian Solar, Inc (CSIQ)  More Company Research Source: PR Newswire
Last canadian solar, inc earnings: 8/15 06:01 am Check Earnings Report
US:NASDAQ Investor Relations: investors.canadiansolar.com
PDF GUELPH, Ontario, May 15, 2019 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar power companies, today announced the closing of a US$50 million term loan from Credit Suisse AG, Singapore Branch ("Credit Suisse"), one of the world's leading financial services providers. Canadian Solar intends to deploy the term loan to support the development of international solar project pipeline and for general corporate purposes. The U.S. dollar denominated term loan is expected to mature in April 2021. Credit Suisse further provided Canadian Solar with a cross-currency interest rate swap to hedge its cross-currency interest rate liabilities relating to the term loan.Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar Inc. commented, "We are pleased with this strong demonstration of capital support from Credit Suisse. This term loan provides us with the financial flexibility to invest in growth and further impr [Read more]
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