Solon signs syndicated debut to refinance bilaterals

German solar module manufacturer Solon last week signed its first syndicated loan facility, replacing its outstanding bilateral loans with a single credit line.

  • 04 Jun 2010
The Eu275m loan, which matures at the end of 2011, has a group of eight German banks led by Deutsche Bank. All of the lenders had participated in the company’s existing bilateral facilities. "This is our first syndicated loan, and the first piece of financing that we’ve done ...

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