SunEdison reveals pricing for its convertible senior note offering

Facebook
Twitter
LinkedIn
Reddit
Email

US PV energy provider SunEdison has announced the prices for its offering of US$400 million principal amount of 2.375% convertible senior notes in a exclusive placement offering.

The offering is expected to end on 27 January 2015, with SunEdison granting purchasers a 30-day option to buy an additional US$60 million in notes through the same terms and conditions. 

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The notes up for placement will pose an annual interest rate of 2.375%, which would be paid off by purchasers through a motion on April 15 and October 15 each year. Unless converted or purchased at an early date, the notes will mature on 15 April 2022.

SunEdison projects the net proceeds from the notes offering will pan out to approximately US$389.45 million. With those funds, SunEdison plans to help finance part of SunEdison’s acquisition of First Wind Holdings, repay around US$119.1 million in debts built up through the purchase of 1.6GW of tax-credit turbines, pay for working capital and fund other capped call transactions.

Read Next

July 4, 2025
Chinese PV provider Skycorp Solar Group has announced a solar plant acquisition and development strategy following unanimous board approval.
July 4, 2025
Germany’s latest innovation tender has awarded 488MW of co-located capacity, with all the projects being solar PV tied with energy storage.
July 4, 2025
Risen Energy’s mass-produced heterojunction (HJT) modules have reached a cell conversion efficiency of 26.61%, a record figure for the company.
July 4, 2025
The US House of Representatives has passed the final version of the reconciliation bill that is now going to US President Donald Trump’s desk for his signature before its passing.
July 4, 2025
Australian retailer AGL Energy has confirmed its acquisition of South Australia’s Virtual Power Plant (SAVPP) from Tesla.
July 3, 2025
Renewable energy curtailment in Brazil is set to reach 8% across the country, and be as high as 11% in the north-east, by 2035.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 22, 2025
Bilbao, Spain
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK