By .(JavaScript must be enabled to view this email address) - 26 January 2009, 14:42
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Yingli subsidiary enters three-year credit agreement with ADM Capital

Yingli Energy (China) Company has decided to enter into a credit agreement that will allow the company to draw upon up to US$80 million from Asia Debt Management Hong Kong Limited (ADM Capital), the lender. The three-year agreement is intended to provide funding for the company’s business expansion, and brings with it the stipulation that ADM Capital may require Yingli China to prepay the loan in part or in full if Yingli Green Energy fails to meet certain targets and conditions.

"This loan facility will provide us with valuable support in these times of continued turmoil in the global financial markets and is expected to further strengthen our ability to complete our expansion plan as scheduled," remarked Mr. Zongwei Li, CFO, Yingli Green Energy. "We believe this new financing demonstrates ADM Capital's confidence in our leading position in the industry and the growth potential of our fully integrated business model."

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Yingli subsidiary enters three-year credit agreement with ADM Capital

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