Tuesday, December 4, 2007

Canadian Solar to privately offer $75 million of notes

Nov 30 (Reuters) - China's Canadian Solar Inc (CSIQ.O: Quote, Profile, Research) said it plans to make a sell about $75 million of its convertible senior notes due 2017 in a private offering.

The maker of solar modules that convert sunlight into electricity said it intends to grant the initial purchaser an option to buy up to an additional $11.25 million in total principal amount of the notes to cover overallotments.

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