Trina Solar holders put back $320,000 of 4% convertible notes

By Jennifer Chiou

New York, Aug. 10 - Trina Solar Ltd. announced that holders of $320,000 of its $138 million of 4% convertible senior notes due 2013 exercised their put option, which expired at 5 p.m. ET on Aug. 9.

The company accepted the notes, and $137.68 million will remain outstanding.

According to a previous news release, holders were to originally have a put option on July 15, which required Trina to provide written notice at least 20 business days prior to that date.

The company said that it had inadvertently missed that deadline and extended the put option to Aug. 9.

The Changzhou, China-based maker of solar-power products paid the purchase price plus accrued interest to Aug. 10.

Trina Solar's ADRs (NYSE: TSL) closed at $14.72 on Tuesday.

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