Trina Solar completes US$138 million debt purchase

July 19, 2013
Facebook
Twitter
LinkedIn
Reddit
Email

Trina Solar has completed the repurchase of its outstanding convertible debt on schedule.

The firm issued US$138 million in aggregate principal amount of the Notes in July 2008 and began purchasing them in the fourth quarter of 2011. The company’s first quarter earnings showed a total of $84 million was outstanding as of 31 March 2013 with this final chunk cleared on 15 July.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

The PV module manufacturer is now clear of convertible debt. The company does have around US$334 million in bank repayments due in 2014.

Read Next

April 9, 2026
Dutch-based solar developer Novar has acquired a 100MW solar PV plant in Baden-Württemberg, a southern state in Germany.
April 9, 2026
Origis Energy has secured US$118 million in tax equity financing for the Chalan solar-plus-storage project in Kern County, California.
April 9, 2026
French utility EDF has received a development consent order (DCO) from the UK government to build an 800MW solar PV plant in England.
April 9, 2026
Italy is the most attractive European country for solar development, according to the chief of staff of German independent power producer (IPP), Encavis.
Premium
April 9, 2026
PV Talk: JP Kock of IPP Encavis discusses why the competitive landscape of Europe's solar market is in store for a shake-up.
April 9, 2026
French renewables company Voltalia has fully commissioned the 148MW Bolobedu solar farm in Limpopo province, South Africa.

Upcoming Events

Solar Media Events
April 15, 2026
Milan, Italy
Solar Media Events
June 16, 2026
Napa, USA
Solar Media Events
October 13, 2026
San Francisco Bay Area, USA
Solar Media Events
November 3, 2026
Málaga, Spain
Solar Media Events
November 24, 2026
Warsaw, Poland