Seeking Alpha

Yingli files $200M mixed shelf

  • Yingli (YGE) doesn't state what it plans to do with the proceeds of any stock or debt offering that follows the shelf filing. Paying down or refinancing a part of the company's debt load (stood at $2.2B at the end of Q2) is a strong possibility. (F-3)
  • The filing comes with Yingli shares up over 4x from their Nov. '12 lows, and up over 3x from their April lows.
Comments (7)
  • ugh. Not the news I want to hear. They just completed a $165 million short-term loan last quarter! Now they need $200 mil more? Very discouraging.
    6 Sep 2013, 08:08 PM Reply Like
  • Possibly streamlining/automating their production in order to achieve higher profits.
    6 Sep 2013, 08:55 PM Reply Like
  • how much will yge stock be diluted by?
    7 Sep 2013, 12:12 AM Reply Like
  • We would need to know much more about the shelf filing, but 200m is about 36m shares, which would bring us close to 200m shares and a 4.4 dollar price.

     

    But a shelf filing really is different than a seperate propectus public offering. As said, we need to know much more details, how many of which types of shares and warrants etc.
    7 Sep 2013, 02:20 AM Reply Like
  • Well hopefully this will cause a big sell off so I can load up some more shares real cheap-like.
    8 Sep 2013, 09:29 AM Reply Like
  • Is this some fake news? Prices for German ADRs have not been moving at all so far.
    9 Sep 2013, 07:30 AM Reply Like
  • nope, sorry for talking to myself but I just found the statement on Yingli's website. I still can't make head or tail of this conspicuous silence … Any ideas?
    9 Sep 2013, 07:47 AM Reply Like
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