Canadian Solar Inc. Announces Private Offering of US$75 Million of Convertible Notes

JIANGSU, China, -- Canadian Solar Inc. (Nasdaq: CSIQ) announced that it plans to make a private offer, subject to market conditions and other factors, of approximately US$75 million of its convertible senior notes due 2017. Canadian Solar intends to grant the initial purchaser of the notes an option to purchase up to an additional US$11.25 million in aggregate principal amount of the notes to cover overallotments. Link. Chart.