On 16 Feb 12, Trina Solar announced that its that its wholly-owned subsidiary, Trina Solar (Changzhou) Science & Technology Co. Ltd., has obtained a three-year structured term loan facility from Standard Chartered Bank. The loan facility to support addition of approximately 500 MW of cell and module production capacity.
The structured term loan facility is for an amount of up to USD 100 million, which may be drawn down in single or multiple tranches within the first 12 months. Each tranche is for a term of up to 36 months from the initial drawdown date, and may be extended for up to another two years.
The facility will support the Company's announced East Campus project, which is expected to add approximately 500 MW of cell and module production capacity and feature its high-efficiency Honey solar cell technology.