Canadian Solar secures $50 million from Credit Suisse

Canadian Solar has secured a $50 million term loan from Credit Suisse. Canadian Solar intends to use the term loan to develop its international solar project pipeline and for general corporate purposes. The US dollar-denominated term loan is expected to mature in April 2021. Credit Suisse has further provided Canadian Solar with a cross-currency interest rate swap to hedge its cross-currency interest rate liabilities relating to the term loan.

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