Canadian Solar Japan inks $40 mn loan deal with Mizuho Bank

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Canadian Solar Japan announced its loan agreement with Mizuho Bank to mobilize JPY4.7 billion or $39.5 million for its working capital and business operations.

The syndicated loan has a 1 year term with an option for 1 year extension.

Mizuho Bank, together with Shoko Chukin Bank and Tokyo Star Bank, will provide the syndicated loan to Canadian Solar Japan, a subsidiary of Canadian Solar.

Shawn Qu, chairman and CEO of Canadian Solar, said: “This partnership demonstrates Canadian Solar’s strength and recognition as the global tier-1 leader that is able to get local financing from large banks in Japan.”

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