BAODING, China, April 16 /PRNewswire-Asia-FirstCall/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or "the Company"), one of the world's leading vertically integrated photovoltaic ("PV") product manufacturers, today announced the US$50 million draw down under the previously announced three-year loan facility provided by a fund managed by Asia Debt Management Hong Kong Limited ("ADM Capital") and the renewal of credit lines up to an aggregate amount of RMB 1 billion with the Export-Import Bank of China ("China Eximbank"), a government policy bank solely owned by China's central government.
"We are very pleased to have made further progress in securing additional financing for our operations, which both strengthens our capital position and enhances our ability to expand our business in this challenging economic environment," commented Mr. Zongwei Li, Director and Chief Financial Officer of Yingli Green Energy. "This initial cooperation with ADM Capital, in conjunction with the extension of our long-term cooperation with China Eximbank, is not only evidence of the market's confidence in Yingli's value proposition and business development potential, but also a reflection of the Company's successful efforts to ensure our strong capital position."
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