SOL Unable to Get Loans From Any Bank!! Dilution is Only Survival Available to MGMT
No bank or any financial institution or government will extend them credit. They will continue to serve their over ONE BILLION dollars in debts by diluting their share price. This is just the beginning and all other Chinese Solar Companies with huge debts like TSL will be forced to dilute their shares in coming months. How can a small company like SOL and other solar companies will ever pay billions of dollars in debts. The answer is either file for bankruptcy or dilute shares.
U.S. project developer SunEdison has added $40 million to its project finance revolving credit facility, for utility scale and distributed solar projects in the U.S. and Ontario. The new capital is available immediately.
The additional $40 million is the result of adding a new lender, in the form of TD Bank Group. Existing partner Deutsche Bank manages the revolving credit. Portigon is the other partner in the facility