Evergreen Solar to buy some 4% convertibles using new issue proceeds

By Susanna Moon

Chicago, April 20 - Evergreen Solar, Inc. said it will purchase some of its outstanding 4% convertible senior notes due 2013 using proceeds from an offering of convertible notes.

The company said it plans to offer $165 million principal amount of convertible senior secured notes due 2015, subject to market conditions and other factors.

The notes will be sold to qualified institutional buyers under Rule 144A.

Evergreen Energy, based in Denver, refines coal into a cleaner solid fuel.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.