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First Solar | 8-K: First Solar entered into two separate Tax Credit Transfer Agreements with Visa Inc.

First Solar | 8-K: First Solar entered into two separate Tax Credit Transfer Agreements with Visa Inc.

第一太阳能 | 8-K:第一太阳能与Visa公司签订两份单独的税收抵免转让协议
美股SEC公告 ·  2024/12/12 10:27

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First Solar has entered into two Tax Credit Transfer Agreements with Visa Inc. on December 6, 2024, for the sale of manufacturing production tax credits generated from U.S. module component production. The agreements comprise a Fixed Transfer Agreement worth $645 million and a Variable Transfer Agreement for up to $225 million in additional tax credits.Under the Fixed Transfer Agreement, Visa will pay $615.97 million in two installments: $400 million paid on December 6, 2024, and $215.97 million due on December 30, 2024. The Variable Transfer Agreement, with a purchase price of $0.955 per $1.00 of transferred tax credits, has a payment deadline of February 28, 2025.Both agreements are subject to customary conditions, including the absence of default and accuracy of company representations. The tax credits are generated through the production and sale of module components to third parties during 2024, under Section 45X of the Internal Revenue Code.
First Solar has entered into two Tax Credit Transfer Agreements with Visa Inc. on December 6, 2024, for the sale of manufacturing production tax credits generated from U.S. module component production. The agreements comprise a Fixed Transfer Agreement worth $645 million and a Variable Transfer Agreement for up to $225 million in additional tax credits.Under the Fixed Transfer Agreement, Visa will pay $615.97 million in two installments: $400 million paid on December 6, 2024, and $215.97 million due on December 30, 2024. The Variable Transfer Agreement, with a purchase price of $0.955 per $1.00 of transferred tax credits, has a payment deadline of February 28, 2025.Both agreements are subject to customary conditions, including the absence of default and accuracy of company representations. The tax credits are generated through the production and sale of module components to third parties during 2024, under Section 45X of the Internal Revenue Code.
第一太阳能于2024年12月6日与Visa Inc.签署了两项税收信用转让协议,出售来自美国元件生产的制造业生产税收信用。这些协议包括一项价值64500万美元的固定转让协议和一项可达22500万美元的可变转让协议。根据固定转让协议,Visa将分两笔支付61597万美元:2024年12月6日支付40000万美元,2024年12月30日支付21597万美元。可变转让协议的购买价格为每1美元转让税收信用0.955美元,付款截止日期为2025年2月28日。这两个协议均需遵循通常条件,包括无违约及公司陈述的准确性。这些税收信用是通过在2024年向第三方生产和销售元件产生的,依据《国内税法》第45X条。
第一太阳能于2024年12月6日与Visa Inc.签署了两项税收信用转让协议,出售来自美国元件生产的制造业生产税收信用。这些协议包括一项价值64500万美元的固定转让协议和一项可达22500万美元的可变转让协议。根据固定转让协议,Visa将分两笔支付61597万美元:2024年12月6日支付40000万美元,2024年12月30日支付21597万美元。可变转让协议的购买价格为每1美元转让税收信用0.955美元,付款截止日期为2025年2月28日。这两个协议均需遵循通常条件,包括无违约及公司陈述的准确性。这些税收信用是通过在2024年向第三方生产和销售元件产生的,依据《国内税法》第45X条。
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