SunPower off slightly after pricing convertible offering


SunPower's (SPWR -0.9%) $400M offering of convertible senior notes due 2021 features an interest rate of just 0.875%, and an initial conversion price of $48.76 - a 44% premium to current levels.

Net proceeds are expected to total $395.3M. The offering terms are notably better than the ones Trina just received for its $150M convertible offering.

Previous: SunPower announces $400M convertible debt offering

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs