{"schema_version":"secwatch.filing_event.v1","accession":"0001274494-23-000014","form_type":"8-K","ticker":"FSLR","cik":"0001274494","company_name":"FIRST SOLAR, INC.","filed_at":"2023-07-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.404594+00:00","generated_at":"2026-06-13T11:36:23.964735+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"First Solar enters $1.0B senior secured revolving credit facility","bullets":["Five-year credit facility for $1.0B, with a $250M letter of credit sublimit; can be upsized by $1.0B.","Interest rates: Term SOFR + 0.10% spread adjustment + margin of 1.75%-2.25% (prior to investment grade).","Covenants include max net leverage ratio of 3.50x and minimum interest coverage of 3.00x.","Secured by substantially all assets, with collateral release upon achieving investment-grade ratings.","Loan proceeds for working capital and general corporate purposes."],"urls":{"canonical":"https://secwatch.observer/filing/0001274494-23-000014","json":"https://secwatch.observer/filing/0001274494-23-000014.json","markdown":"https://secwatch.observer/filing/0001274494-23-000014.md","text":"https://secwatch.observer/filing/0001274494-23-000014.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1274494/000127449423000014/0001274494-23-000014-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1274494/000127449423000014/fslr-20230630.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T11:36:23.964735+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"bc61851c1b4ef9a316b343dd63c64ad1274a7cb5","claim":"FIRST SOLAR, INC. incurred revolving credit of $1,000,000,000 with JPMorgan Chase Bank, N.A., as administrative agent at Term SOFR Rate plus 0.10% credit spread adjustment plus margin of 1.750% to 2.25 maturing five years.","evidence_excerpt":"On June 30, 2023, First Solar, Inc. (the “Company”) entered into a Revolving Credit and Guaranty Agreement (the “Credit Agreement”), among the Company, the guarantors from time to time party thereto, the several banks and other financial institutions or entities from time to time parties thereto (the “Lenders”), and JPMorgan Chase Bank, N.A., as administrative agent (the “Administrative Agent”). The Credit Agreement provides the Company with a senior secured five-year revolving credit facility (the “Credit Facility”) in an aggregate principal amount of $1,000,000,000","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1274494/000127449423000014/0001274494-23-000014-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$1,000,000,000"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A., as administrative agent"},{"label":"Rate","value":"Term SOFR Rate plus 0.10% credit spread adjustment plus margin of 1.750% to 2.25"},{"label":"Maturity","value":"five years"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"ce8f57ce083eeaa867b8e69d82a3f55f06cd394e","claim":"FIRST SOLAR, INC. entered into Revolving Credit and Guaranty Agreement with JPMorgan Chase Bank, N.A., as administrative agent, and the several banks and other financial institutions or entities from time to time parties thereto valued at $1,000,000,000 (effective 2023-06-30).","evidence_excerpt":"On June 30, 2023, First Solar, Inc. (the “Company”) entered into a Revolving Credit and Guaranty Agreement (the “Credit Agreement”), among the Company, the guarantors from time to time party thereto, the several banks and other financial institutions or entities from time to time parties thereto (the “Lenders”), and JPMorgan Chase Bank, N.A., as administrative agent (the “Administrative Agent”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1274494/000127449423000014/0001274494-23-000014-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A., as administrative agent, and the several banks and other financial institutions or entities from time to time parties thereto"},{"label":"Value","value":"$1,000,000,000"},{"label":"Effective","value":"2023-06-30"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}