secwatch.observer — SEC 8-K summary
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Issuer:     FIRST SOLAR, INC. (FSLR)
CIK:        0001274494
Form:       8-K
Filed at:   2026-02-19T23:59:59+00:00
Accession:  0001274494-26-000016
Event type: debt
Sentiment:  positive
Materiality: 0.55
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1274494/000127449426000016/0001274494-26-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1274494/000127449426000016/fslr-20260213.htm
  HTML page:      https://secwatch.observer/filing/0001274494-26-000016

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