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China Sunergy announces private offering of US$45 million of convertible senior notes

24 June 2008 | News From Around The Web > Fab and Facilities | Source: msn.com
China Sunergy Co., Ltd. CSUN today announced that it plans to make a private offer of approximately US$45 million of its convertible senior notes due 2013. China Sunergy plans to grant the initial purchaser of the notes an option to purchase up to an additional US$5 million in aggregate principal amount of the notes to cover overallotments. China Sunergy anticipates using the proceeds for expansion of production capacity, enhancement of research and development, and general corporate purposes. The terms and timing of the offering have not been finalized.  
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