{"id":266,"date":"2019-05-09T15:24:00","date_gmt":"2019-05-09T06:24:00","guid":{"rendered":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/?p=266"},"modified":"2019-07-22T13:23:03","modified_gmt":"2019-07-22T04:23:03","slug":"canadian-solar-secures-jpy-5-35-billion-credit-facility-with-sumitomo-mitsui-finance-and-leasing-company","status":"publish","type":"post","link":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/2019\/266.html","title":{"rendered":"CANADIAN SOLAR SECURES JPY 5.35 BILLION CREDIT FACILITY WITH SUMITOMO MITSUI FINANCE AND LEASING COMPANY"},"content":{"rendered":"<p><location value=\"LU\/ca.on.guelph\" idsrc=\"xmltag.org\">GUELPH, Ontario<\/location>, April\u00a029, 2019 \/PRNewswire\/ &#8212; <org value=\"CSIQ\" idsrc=\"xmltag.org\">Canadian Solar Inc.<\/org> (the &#8220;Company&#8221;, or &#8220;<org value=\"CSIQ\" idsrc=\"xmltag.org\">Canadian Solar<\/org>&#8220;) (NASDAQ: CSIQ), one of the world&#8217;s largest solar power companies, today announced that its wholly-owned subsidiary Canadian Solar Projects K.K. has expanded and renewed its credit facility with a syndicate of four finance leasing institutions led by <org>Sumitomo Mitsui Finance and Leasing Company, Limited<\/org> (&#8220;SMFL&#8221;), a member of <org value=\"SMFG\" idsrc=\"xmltag.org\">Sumitomo Mitsui Financial Group<\/org>. SMFL is one of <location value=\"LC\/jp;LB\/eas\" idsrc=\"xmltag.org\">Japan&#8217;s<\/location> largest leasing institutions with global presence. <\/p>\n<p>The facility has been increased from <money>JPY 4.0 billion<\/money> (US$36\u00a0million) to <money>JPY 5<\/money>.35\u00a0billion (US$48\u00a0million) and will mature in <chron>March 2022<\/chron>. The Company intends to utilize the facility to develop more high quality solar power projects in <location value=\"LC\/jp;LB\/eas\" idsrc=\"xmltag.org\">Japan<\/location>.<\/p>\n<p>Dr. <person>Shawn Qu<\/person>, Chairman and Chief Executive Officer of <org value=\"CSIQ\" idsrc=\"xmltag.org\">Canadian Solar Inc.<\/org> commented, &#8220;Since 2018, as a testament to <org value=\"CSIQ\" idsrc=\"xmltag.org\">Canadian Solar&#8217;s<\/org> deep operating experience and credit strength, we have successfully raised <money>JPY 16 billion<\/money> (<money>US$ 145 million<\/money>) of flexible capital sources at favorable rates from our relationship Japanese lenders. We value the ongoing support of SMFL and our syndicate group of finance leasing institutions.&#8221; <\/p>\n<\/p>\n<p>SOURCE Canadian Solar Inc.<\/p>\n<p><a href=\"http:\/\/investors.canadiansolar.com\/news-releases\/news-release-details\/canadian-solar-secures-jpy-535-billion-credit-facility-sumitomo\">http:\/\/investors.canadiansolar.com\/news-releases\/news-release-details\/canadian-solar-secures-jpy-535-billion-credit-facility-sumitomo<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>GUELPH, Ontario, April\u00a029, 2019 \/PRNewswire\/ &#8212; Canadian Solar Inc. (the &#8220;Company&#8221;, or &#038;#8220 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-266","post","type-post","status-publish","format-standard","hentry","category-finance"],"_links":{"self":[{"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/posts\/266","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/comments?post=266"}],"version-history":[{"count":9,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/posts\/266\/revisions"}],"predecessor-version":[{"id":338,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/posts\/266\/revisions\/338"}],"wp:attachment":[{"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/media?parent=266"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/categories?post=266"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/tags?post=266"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}