---
schema_version: "secwatch.filing_event.v1"
accession: "0001274494-22-000028"
form_type: "8-K"
ticker: "FSLR"
cik: "0001274494"
company_name: "FIRST SOLAR, INC."
filed_at: "2022-05-27T23:59:59+00:00"
generated_at: "2026-06-25T06:12:14.046200+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# First Solar subsidiary enters ¥21.5B credit facility for Japan solar plant; project to be sold to PAG Real Assets

## Summary
- Project company FS Japan Project 25 GK entered ¥21.5B ($168.1M) credit facility for a 53 MW AC plant in Tochigi, Japan.
- Facility includes ¥18.8B term loan, ¥1.9B consumption tax facility, ¥0.8B debt service reserve; interest at TIBOR+0.85%.
- Term loan matures April 2040 with bi-annual installments from Oct 2023; consumption tax facility matures Oct 2025.
- Credit Facility and project expected to be transferred to PAG Real Assets subsidiary as part of sale of First Solar's Japan development platform.
- Facility secured by project assets and equity interests; contains customary covenants and events of default.

## SEC filing metadata
- accession: 0001274494-22-000028
- form_type: 8-K
- ticker: FSLR
- cik: 0001274494
- company_name: FIRST SOLAR, INC.
- filed_at: 2022-05-27T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1274494/000127449422000028/0001274494-22-000028-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1274494/000127449422000028/fslr-20220524.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001274494-22-000028
- JSON: https://secwatch.observer/filing/0001274494-22-000028.json
- Plain text: https://secwatch.observer/filing/0001274494-22-000028.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.