Canadian Solar secures ¥15.7 billion 10-year loan via Mizuho

By Tali Rackner

Minneapolis, Nov. 22 – Canadian Solar Inc. obtained a ¥15.7 billion 10-year long-term loan on Oct. 31, according to a press release.

Syndication was led by Mizuho Bank, Ltd. with Sumitomo Mitsui Banking Corp. and Shinsei Bank, Ltd. as arrangers. Shinsei also acted as bookrunner.

Borrowings bear interest at the benchmark rate plus 45 basis points.

Proceeds will be used to acquire renewable energy generation assets and pay for other related costs.

Canadian Solar is a solar power company based in Guelph, Ont.

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