Trina Solar Limited (NYSE: TSL - News; "Trina Solar" or the "Company"), a leading integrated manufacturer of solar photovoltaic products from the production of ingots, wafers and cells to the assembly of PV modules, today announced that it intends to offer, subject to market and other conditions, 4,000,000 American depositary shares ("ADSs"), each representing 100 ordinary shares of the Company. Trina Solar intends to grant the underwriters an option to purchase up to an additional 600,000 ADSs.
Trina Solar plans to use the net proceeds of the offering to repurchase some of its 4.00% convertible senior notes due 2013 and to fund facilities expansion and for other general corporate purposes. The Company's management will retain broad discretion over the use of proceeds, and the Company may ultimately use the proceeds for different purposes than what it currently intends.
Goldman Sachs (Asia) L.L.C. and Credit Suisse Securities (USA) LLC will act as joint bookrunners and Piper Jaffray & Co will act as a co-manager for the offering.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment