secwatch.observer — SEC 8-K summary
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Issuer:     FIRST SOLAR, INC. (FSLR)
CIK:        0001274494
Form:       8-K
Filed at:   2021-07-07T23:59:59+00:00
Accession:  0001274494-21-000012
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1274494/000127449421000012/0001274494-21-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1274494/000127449421000012/fslr-20210630.htm
  HTML page:      https://secwatch.observer/filing/0001274494-21-000012

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer