Struggling Solar Panel Maker Said to Get 2 Bln Yuan in New Loans

(Beijing) – A creditors' committee led by State Development Bank (SDB) agreed to extend 2 billion yuan worth of new loans to Yingli Green Energy Holding Co. as part of a plan to restructure the debt-stricken solar module maker, a person close to the deal says.

The New York-listed company will receive the money before Spring Festival, the holiday also called Chinese New Year that this year runs from February 7 to 13, the source said.