Trina Solar Completes Redemption of Convertible Senior Notes Due 2013
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- Category: Molybdenum & Sapphire Growth Furnace News
- Published on 18 July 2013
- Written by hua
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Trina Solar Limited (NYSE: TSL) ("Trina Solar" or "the Company"), a global leader in photovoltaic (PV) modules, solutions and services, yesterday announced that it completed the redemption of its outstanding convertible senior notes due 2013 (the "Notes") on July 15, 2013 (the "Maturity Date"). With the completion of this redemption, Trina Solar has no outstanding convertible debt.
In July 2008, the Company issued $138 million in aggregate principal amount of the Notes. The Company began repurchasing its outstanding Notes during the fourth quarter of 2011. As set out in the Company's first quarter earnings release, approximately $84 million of the Notes were outstanding as of March 31, 2013. On the Maturity Date, the Company redeemed all remaining outstanding Notes, together with all accrued but unpaid interest. (Excerpt from PRNewswire)
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