http://www.wsnewspublishers.com/...l-holding-limited-nysejmei/153447/
Last week, on Monday, Hanwha Q CELLS Co., Ltd. (HQCL), declared that its US entity has signed a $20 million three-year Senior Secured Revolving Credit Facility with Wells Fargo Capital Finance. The credit line will be used for working capital and other general corporate purposes.
Jay SEO, chief financial officer of Hanwha Q CELLS said, “We are happy to have secured this credit line from Wells Fargo, one of the most well-respected US financial institutions and active financiers of renewable energy. Its confidence demonstrates the combined strength of our newly-merged companies (Hanwha SolarOne and Hanwha Q CELLS) to meet rigid credit standards, in addition to access funding outside of our traditional sources in China and South Korea.” Mr. SEO concluded, “The US is a key planned market for our corporation and we are particularly well-positioned to capture share with our diverse ‘tariff free’ manufacturing base outside of mainland China.”
Hanwha Q CELLS Investment Co., Ltd. manufactures solar cells and modules, solar system solutions, and power plants. The corporation is based in Cayman Islands. The corporation operates as a partner of Hanwha Solar Holdings Co., Ltd. |