Canadian Solar Secures US$100 Million Guarantee Facility

Guelph, Canada - Canadian Solar Inc. announced that it has signed a financing agreement, pursuant to which, Export Development Canada ("EDC") has agreed to provide guarantees or letters of credit of up to US$100 million to Canadian Solar to support its global activities of project development.

Royal Bank of Canada and Toronto Branch of China Construction Bank Corporation will serve as fronting banks on the facility.

"We are very pleased to work with EDC to execute on our global solar power business strategy. With EDC

Source: IWR Online, 23 Sep 2016