First Solar terminates $500M revolving credit facility with no borrowings outstanding

FIRST SOLAR, INC.

Terminated $500M secured Revolving Credit Facility (maturing July 2022) on June 30, 2021.
No borrowings outstanding; $3.3M in letters of credit moved to a bilateral facility.
Interest on borrowings was LIBOR + 2.00% or base rate + 1.00%; commitment fee was 0.30%.
Capacity could have been increased to $750M; termination saves ongoing commitment fees.

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