Canadian Solar's (CSIQ) Global Positioning Remains Solid - Canaccord Genuity Reiterates Buy
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Canadian Solar Completes the Sale of Illumination Solar Power Plant to DIF
December 15, 2015 7:00 AM ESTGUELPH, Ontario, Dec. 15, 2015 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar power companies, today announced the sale of the 10 MW AC (14 MW DC) Illumination LP ("Illumination") solar power plant to an affiliate of DIF Infrastructure III ("DIF"). The solar power plant, valued at CAD $65.9 Million (USD$48.4 Million), consists of approximately 47,448 Canadian Solar MaxPower CS6X-300/310P PV modules and is located in Scugog, Ontario. It reached commercial... More
Canadian Solar Secures Additional $80 million Term Loan with Credit Suisse
December 15, 2015 5:00 AM ESTGUELPH, Ontario, Dec. 15, 2015 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar power companies, today announced that it has raised a final tranche of $80.0 million under its previously announced two-year senior secured term loan arranged by Credit Suisse AG, Singapore Branch ("Credit Suisse"), bringing the total facility amount to $180.0 million.
In connection with the term loan, Canadian Solar issued the lenders warrants to purchase up to 940,171 shares of common stock at an exercise price of $28.08 per share. The... More
