German Gehrlicher Solar secures €85 mln funds for overseas expansion
German photovoltaic corporation Gehrlicher Solar has procured credit facility of €85 million ($109.5 million) for additional two years to fuel its US expansion plans. The funds were allotted by a consortium of international group of banks led by BayernLB, and also included €30 million for guarantees. The company entered into consortium agreement in April securing finance for with maturity date of 28 February 2015.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.