JinkoSolar (JKS +10.2%) has jumped out of the gate after announcing a $1B, 5-year financing deal...

|About: JinkoSolar Holding Co., Ltd. (JKS)|By:, SA News Editor

JinkoSolar (JKS +10.2%) has jumped out of the gate after announcing a $1B, 5-year financing deal with China Development Bank. Jinko says it will use the deal, whose terms still need to be hammered out, to help expand overseas. Like industry peers, Jinko has been posting huge losses and has a significant debt load.