JinkoSolar (U.S.) INC., (JinkoSolar US), a subsidiary of JinkoSolar, announced that it has signed a USD$20 million two-year credit agreement with Wells Fargo Bank, National Association (Wells Fargo). Borrowings under the new credit agreement will be used to support JinkoSolar US's working capital and business operations.
"We are extremely pleased that a world-class institution such as Wells Fargo has shown their confidence in the future of our business," commented Mr. Charlie Cao, JinkoSolar's Chief Financial Officer. "This agreement reflects our solid track record of reliability and strengthens our financial position not only in the US but globally as well. Our position as a tier 1 solar industry player will provide us with a distinct competitive advantage that will be essential to our success as we rapidly ramp up our global capabilities. We remain focused on maintaining good relations with financial institutions worldwide as we continue to expand our geographic footprint across key growth markets."
