Canadian Solar's 6% convertibles holders put all $1 million notes

By Tali David

Minneapolis, Dec. 18 - Canadian Solar Inc. announced $1 million of its 6% convertible senior notes due 2017 were put back to the company, according to a filing with the London Stock Exchange.

The put option expired at 5 p.m. ET on Dec. 17.

Canadian Solar accepted these securities for purchase and, before 11 a.m. ET on Dec. 24, will forward cash in payment of the purchase price to the paying agent for distribution to all holders that exercised the put option.

Following this purchase, none of the securities remain outstanding.

The Bank of New York Mellon is the trustee.

Canadian Solar is a Markham, Ont.-based solar power components producer. The company conducts all of its manufacturing operations in China.

© 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.