JinkoSolar Holding Co., Ltd. (NYSE: JKS), a global leader in the photovoltaic (PV) industry, recently declared that JinkoSolar Japan K.K., a partner of the Company, has signed a JPY5.3 billion syndicated loa contract up to two years with a bank consortium led by Sumitomo Mitsui Banking Corporation (“SMBC”). The financing will be used to expand business in Japan and to supplement JinkoSolar Japan’s working capital.
“I am glad to have the opportunity to work with SMBC again in increasing our credit line,” commented Mr. Charlie Cao, JinkoSolar’s Chief Financial Officer. “I believe this loa contract demonstrates the trust and recognition that first-tier Japanese commercial banks have in our brand and operations in Japan. We look forward to further deepening our relationship with SMBC and other local banks to further expand our business there.”
About JinkoSolar Holding Co., Ltd.
JinkoSolar (NYSE: JKS) is a global leader in the solar industry. JinkoSolar distributes its solar products and sells its solutions and services to a diversified international utility, commercial and residential customer base in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, and other countries and regions. JinkoSolar has built a vertically integrated solar product value chain, with an integrated annual capacity of 9 GW for silicon ingots and wafers, 5 GW for solar cells, and 9 GW for solar modules, as of March 31, 2018.