The Qidong-based vertically integrated PV manufacturer will pay interest of 1.99% per annum, on top of three-month LIBOR.
“We continue to be fortunate to access relatively low-cost funding from offshore sources,” says chief financial officer Jay Seo.
“This new capital will enhance our ability to support current working capital needs, continues our shift of loans from short to longer term, and allows some flexibility in developing our business strategies for the future.”
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