First Solar $600 million amended revolver priced at Libor plus 225 bps

By Sara Rosenberg

New York, Oct. 20 - First Solar Inc.'s amended $600 million senior secured revolving credit facility is priced at Libor plus 225 basis points, according to an 8-K filed with the Securities and Exchange Commission on Wednesday.

Under the amendment, the size of the revolver was increased from $300 million and the maturity was extended to 2015.

JPMorgan and Bank of America acted as the joint lead arrangers and bookrunners on the deal that was completed on Oct. 15.

First Solar is a Tempe, Ariz.-based manufacturer of solar modules with an advanced semiconductor technology and provider of comprehensive photovoltaic system services.

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