---
schema_version: "secwatch.filing_event.v1"
accession: "0001274494-26-000016"
form_type: "8-K"
ticker: "FSLR"
cik: "0001274494"
company_name: "FIRST SOLAR, INC."
filed_at: "2026-02-19T23:59:59+00:00"
generated_at: "2026-05-16T01:39:45.249545+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# First Solar enters $1.5B unsecured revolver, terminates prior secured facility

## Summary
- New 5-year senior unsecured revolving credit facility of $1.5B, with $450M letter of credit sublimit.
- Borrowings available for working capital and general corporate purposes; option to increase by $1B.
- Interest based on Net Leverage Ratio (1.00%-1.50% Term SOFR + margin) or ratings-based if investment grade.
- Concurrently terminated existing secured revolving credit agreement dated June 30, 2023, releasing collateral.
- Financial covenants: Net Leverage ≤3.50x and Interest Coverage ≥3.00x; restricts debt, liens, dividends, investments.

## SEC filing metadata
- accession: 0001274494-26-000016
- form_type: 8-K
- ticker: FSLR
- cik: 0001274494
- company_name: FIRST SOLAR, INC.
- filed_at: 2026-02-19T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1274494/000127449426000016/0001274494-26-000016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1274494/000127449426000016/fslr-20260213.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001274494-26-000016
- JSON: https://secwatch.observer/filing/0001274494-26-000016.json
- Plain text: https://secwatch.observer/filing/0001274494-26-000016.txt

## Source-grounded claims
- claim_id: 22e662a6c4cef2acae8b3eb0fd072f93e3fccaab
  claim: FIRST SOLAR, INC. incurred revolving credit of $1,500,000,000 with JPMorgan Chase Bank, N.A., as administrative agent at Term SOFR Rate plus a margin of 1.000% to 1.500% maturing five years from the closing date.
  evidence_excerpt: The Credit Agreement provides the Company with a senior unsecured five-year revolving credit facility (the “Credit Facility”) in an aggregate principal amount of $1,500,000,000, with a sub-limit of $450,000,000 available for the issuance of letters of credit.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1274494/000127449426000016/0001274494-26-000016-index.htm
- claim_id: 1d35ad35f2bde609a0dfaeded4ab6ac5eb8b56ed
  claim: FIRST SOLAR, INC. terminated Existing Credit Agreement with JPMorgan Chase Bank, N.A. valued at Voluntary termination of senior secured revolving credit agreement dated June 30, 2023 (effective 2026-02-13).
  evidence_excerpt: On February 13, 2026, substantially concurrently with the Company’s entry into the Credit Agreement, the Company voluntarily terminated its existing senior secured revolving credit agreement (the “Existing Credit Agreement”), dated as of June 30, 2023 and as amended from time to time, 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, and JPMorgan Chase Bank, N.A., as administrative agent.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1274494/000127449426000016/0001274494-26-000016-index.htm
- claim_id: ba1d4e3a74ee033b6180b1513ebc83ccec0d0b22
  claim: FIRST SOLAR, INC. entered into Revolving Credit and Guaranty Agreement with JPMorgan Chase Bank, N.A. valued at $1,500,000,000 senior unsecured five-year revolving credit facility with $450,000,000 sub-limit for (effective 2026-02-13).
  evidence_excerpt: On February 13, 2026, 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_url: https://www.sec.gov/Archives/edgar/data/1274494/000127449426000016/0001274494-26-000016-index.htm

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