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Trina Solar overseas subsidiaries get USD90 mln financing facility

HOHHOT
2015-11-18 17:00

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Trina Solar (TSL.NYSE), a global leader in PV modules, solutions, and services, announced late Tuesday that two of its overseas subsidiaries, Trina Solar (U.S.) and Trina Solar (Singapore) Science & Technology, have inked agreements to get totally 90 million US dollars of financing facility from Wells Fargo Bank, National Association and Barclays Bank.

Specifically, the 60 million US dollar five-year revolving loan from Wells Fargo would be used to support Trina Solar US's working capital and business operations, while the 30 million US dollar credit line provided by Barclays would be used to support Trina Solar Singapore's working capital to better capture growing opportunities in the Asia Pacific region, the company said in a release on its website.

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