Canadian Solar seeks loan for Mexican project

19 May 2020 - 12:00 am UTC

Canadian Solar is working with Sumitomo Mitsui Banking Corp. to raise debt to fund construction of its 125 MW (dc) Tastiota project in Mexico, said two sources familiar with the situation.

SMBC is the sole structuring bank of the up-to USD 70m so-called “soft mini-perm” facility, which features an extended tenor and higher interest rate beyond the typical mini-perm maturity.

 

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