GT Solar expands its line of credit



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GT Solar has quadrupled its credit line to keep up with expanding revenue and expenses, but it may have been one of the reasons the company's stock price fell from all-time highs last week.The Merrimack-based maker of equipment for solar and LED lighting, has increased its ability to borrow from Credit Suisse AG to $100 million (as opposed to the previous $25 million.) The deal was signed on June 29, but announced July 6, and that's when the stock fell.GT Solar has regularly been announcing orders in the $100 million over the past few months. The latest $81.7 million for solar equipment came on top of its largest order ever -- a $460 million deal with a Chinese company for GT Solar furnaces that are used to produce sapphire crystals for LED lighting.Word of those deals drove the stock price up past $17.50, an all-time high. But the price fell back to the $16.50 range by week's end. -- BOB SANDERS/NEW HAMPSHIRE BUSINESS REVIEW

 

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