Accessibility Links

Hanwha SolarOne secures $180m term loan

01 May 2012

Hanwha SolarOne has secured a $180m loan facility through its wholly owned subsidiary Hanwha SolarOne Hong Kong.

The loan was secured from Korea Development Bank, Standard Chartered Bank (Hong Kong), KEB Hong Kong Branch, KDB Asia and KEB Asia Finance.

The company said the loan will be guaranteed by Hanwha Chemical Corp.

Hanwha SolarOne chief financial officer Jay SEO said, "This new US$180 million term Loan facility will provide SolarOne with important additional funds to sustain further developments in technology and downstream projects, plus enhance our existing marketing and branding strategies to boost customer awareness and sales for SolarOne products."

Hanwha SolarOne is a vertically integrated manufacturer of silicon ingots, wafers and photovoltaic cells and modules.