UPDATE 1-Trina Solar gets $57 mln in new credit
* Facility to fund raw materials, sales, currency
* Shares down less than 1 pct premarket
NEW YORK, June 25 (Reuters) - Chinese photovoltaic solar products maker Trina Solar Ltd (TSL.N) said on Thursday it had received $57 million in new credit facilities to buy raw materials, support sales and hedge its currency risk.
Trina has been helped in recent months by a decline in the cost of polysilicon, the material it uses to turn sunlight into elecricity in its solar cells, but like others in the industry, has suffered from a steep drop in prices for solar panels.
Chinese solar companies have also seen volatile earnings swings because of the sharp moves in the value of the euro versus the U.S. dollar. Europe is the biggest market for solar products.
The new facilities from Standard Chartered Bank (China) Ltd brings its total credit facilities to $520 million.
Shares of Trina slipped nearly 1 percent to $24.10 per share in premarket trade.
(Reporting by Matt Daily, editing by Dave Zimmerman)
