News Article
Martifer Solar USA, Inc. Closes $7.15M Credit Facility
Building on its robust capital base, Martifer Solar USA, Inc. received $7.15M in credit facilities from California Bank & Trust to provide full construction period financing for over 10MW of additional solar projects.
In announcing the deal, Martifer Solar USA, Inc. Chief Financial Officer Daniel Dus commented: "This significantly strengthens our already positive financial outlook in 2012. Coupled with our $100M bonding line and the backing of our $1.5B parent corporation, the facilities empower us to execute solar PV projects quickly and completely."
The credit facility speaks to the viability of Martifer Solar USA, Inc.'s aggressive growth model; with a current project pipeline of 100MW, the company is poised to win a significant share of the United States commercial solar market in the coming year.
