Canadian Solar Unit Secures €150M Multi-Currency Facility With Santander CIB
Portfolio Pulse from Akanksha Bakshi
Canadian Solar's subsidiary Recurrent Energy has secured a €150 million multicurrency facility with Santander Corporate & Investment Banking. The facility will support Recurrent Energy's growth and strategy to retain greater asset ownership in select markets.
June 26, 2023 | 2:58 pm
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NEUTRAL IMPACT
Santander Corporate & Investment Banking provides €150 million multicurrency facility to Canadian Solar's subsidiary Recurrent Energy.
Santander CIB's provision of the multicurrency facility to Recurrent Energy is a positive development for the bank, but its direct impact on the stock price is likely to be limited.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 50
POSITIVE IMPACT
Canadian Solar's subsidiary Recurrent Energy secures €150 million multicurrency facility with Santander CIB, supporting growth and asset ownership.
The secured multicurrency facility will support Recurrent Energy's growth and strategy to retain greater asset ownership in select markets, which is expected to have a positive impact on Canadian Solar's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100