| Item 1.01. | Entry into a Material Definitive Agreement. |
On May 6, 2008, in connection with the plant expansion of First Solar, Inc. (“First Solar”) in the Kulim Hi-Tech Park in the State of Kadah, Malaysia (the “Malaysia Project”), First Solar Malaysia Sdn. Bhd., an indirect wholly owned subsidiary of First Solar (“FS Malaysia”), entered into an export financing facility agreement (the “Facility Agreement”) with IKB Deutsche Industriebank AG, as arranger (“IKB”), NATIXIS Zweigniederlassung Deutschland, as facility agent and original lender (“NZD”), AKA Ausfuhrkredit-Gesellschaft mbH, as original lender (“AKA”) and NATIXIS Labuan Branch, as security agent (“NLB”). Pursuant to the terms of the Facility Agreement, the lenders will furnish up to €133,960,000 (or approximately $206,300,000) of credit facilities...
...The Credit Facilities are intended to be used by FS Malaysia for the purpose of (1) partially financing the purchase of certain equipment (the “Equipment”) intended to be used at the plants related to the Malaysia Project (the “KLM Plants”) and (2) financing fees to be paid to Euler Hermes Kreditversicherungs-AG...
