- SunEdison (SUNE -1.3%) is offering $500M worth of convertible senior notes due 2020. The notes carry an interest rate of 0.25%, and sport an initial conversion price of $26.87/share - a 32% premium to current levels.
- Shares initially sold off yesterday after SunEdison announced the offering (without giving pricing), but finished the day higher.
- The company had $3.05B in solar energy systems debt at the end of Q1, and $891M in other debt. Cash/equivalents totaled $463.4M, and another $178.2M in cash was committed to construction projects.
From other sites
Video at CNBC.com (Aug 20, 2015)
Video at CNBC.com (Aug 6, 2015)
at CNBC.com (Apr 9, 2015)
at CNBC.com (Jan 15, 2015)
at CNBC.com (Jan 14, 2015)
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