This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Canadian Solar Announces Expiration Of Put Option Exercise Period For Its 6.0% Convertible Senior Notes Due 2017 At The Option Of Holders













GUELPH, Ontario, Canada, Dec. 18, 2012 /PRNewswire-Firstcall/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ:  CSIQ), one of the world's largest solar power companies, today announced that the right of the holders of 6.0% Convertible Senior Notes due 2017 (the "Securities") of the Company to sell the Securities to the Company (the "Put Option") expired at 5:00 p.m., New York City time, on December 17, 2012, pursuant to the terms of and subject to the conditions set forth in the indenture dated December 10, 2007 between the Company, as issuer, and The Bank of New York Mellon (formerly known as The Bank of New York), as trustee, as set forth in the Put Right Purchase Offer to the holders of the Securities, dated November 15, 2012, and related notice materials.

The Company has been advised by The Bank of New York Mellon (the "Paying Agent") that, pursuant to the terms of the Put Option, Securities with an aggregate principal amount of $1,000,000 were validly surrendered and not withdrawn prior to the expiration of the Put Option. The Company has accepted these Securities for purchase and, before 11:00 a.m. New York City time on December 24, 2012, 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.

About Canadian Solar



Canadian Solar Inc. is one of the world's largest solar companies. As a leading vertically integrated provider of ingots, wafers, solar cells, solar modules and other solar applications, Canadian Solar designs, manufactures and delivers solar products and solar system solutions for on-grid and off-grid use to customers worldwide. With operations in North America, Europe, Australia, Africa and Asia, Canadian Solar provides premium quality, cost-effective and environmentally-friendly solar solutions to support global, sustainable development. For more information, visit www.canadiansolar.com.

Safe Harbor/Forward-Looking Statements

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,130.02 +49.88 0.28%
S&P 500 2,121.67 +3.98 0.19%
NASDAQ 5,102.6690 +10.5840 0.21%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs