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JinkoSolar Subsidiary Signs $20M Credit Agreement with Wells Fargo Bank

published: 2015-07-01 11:51

JinkoSolar announced on June 30th that its wholly owned subsidiary, JinkoSolar (U.S.), has signed amendments to the credit agreement with Wells Fargo Bank, National Association. Under the new terms of the credit agreement, JinkoSolar US's credit limit will be raised to $40 million from $20 million.

"Raising our credit limit indicates Wells Fargo's recognition and confidence in JinkoSolar's financial position," commented Mr. Charlie Cao, JinkoSolar's Chief Financial Officer. "As one of the most active financial institutions in US PV investment, Wells Fargo has very strict requirements for the debtors' financial position. While we are expanding our business in the U.S., we are pleased to further strengthen our cooperation with Wells Fargo. We are determined to further expand our overseas financing channels going forward."

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